Segment – Wealth B2C segment: Sensibull is an investment management platform for investors in retail.
About
The company was founded in August 2017 by 3FD Hassan, Balajee Ramachandran, and Sidharth Reddy in Bangalore, Karnataka. The legal name of Sensibull is Riskilla Technologies Pvt. Ltd.
The startup is a third-party options strategy platform that allows traders to get suggestions on strategies based on their view of the market and execute the options trading from the same platform. The company provides an options trading platform. Sensibull is trying to make options trading safer and more accessible and build an education ecosystem around it. It features trading and tracking of options strategies, a multi-strategy generator, buy/sell data, and an options strategy optimizer. Available for multiple subscription plans depending on the features.
Number of products and services that are provided by Sensibulll Options Analysis Tools, including real-time prices, advice, free video courses, options strategies, a trading blog, and real and virtual trading.
Sensibull has raised a total of ₹25 million in funding over the past round; this was a Seed round raised on August 23, 2018. Rainmatter Technology is funding Sensibull.
Key staff
Abid Hassan, CEO and Co-Founder – He has a background in option trading; he has previously worked as a product manager at Qplum; he worked at MobME Wireless Limited as a chief operating officer for mobile ID; he worked as a teacher at T.I.M.E. (part-time); he worked as an options trader at India Infoline Ltd; and he also worked at ICICI Bank as an option trader. PGDM from IIM, Ahmedabad; a master of business administration in management from the University of Cologne; and a bachelor of technology in computer science and engineering.http://www.linkedin.com/in/abidhassan/
Balajee Ramachandran, Founding engineer – he previously worked as a lead engineer at Vizexperts; he also worked as a programmer at Terminus Graphics. completed a bachelor of technology in mechanical engineering from NIT, Calicut.http://www.linkedin.com/in/balajee-ramachandran-550665135/
Sidharth Reddy (Software Engineer): He previously worked at Flexmoney Technologies pvt. ltd. as a data engineer and analytics consultant; he also worked as an analytics consultant at PlaySimple Games; he was also a co-founder of Yopano; and he also worked at Ericsson as an RF engineer. completed a degree in Electrical, electronic, and Communications Engineering from Southern Methodist University. http://www.linkedin.com/in/sidred/
Philosophy/key insight
Sensibull is an options trading platform that offers various tools and features to help traders make informed decisions. It allows users to compare different option trades, provides insights into potential trade events, and offers various strategies for any chosen day, not just expiration. Coolest features: Predictive STT (Securities Transaction Tax), Option analyzer, Futures Conversion and Implied Weekly Futures, IV Rank and Percentile, Multi-leg Strategies
Media
Title: Completely Free! ‘Good News for All Zerodha’s Option Traders… Nitin Kamath shares the latest update on Sensibull, July 24, 2023, https://www.timesnownews.com/business-economy/companies/completely-free-good-news-for-all-zerodha-option-traders-nithin-kamath-shares-latest-update-on-sensibull-article-102085923
Good news for all option traders on Zerodha’s, India’s largest stock brokerage platform: Sensibull, the country’s first and biggest options trading platform, will be free for them.
Upstox partners with Sensibull to allow investors to build options strategies, November 1, 2021, https://www.livemint.com/companies/news/upstox-partners-sensibull-to-allow-investors-to-build-options-strategies-11635750369900.html
Upstox, an investment platform, has partnered with Sensibull, an options trading startup, to provide its users with access to advanced options strategy features. One of the features called ‘Easy Options’ allows customers to predict the market’s direction, after which they will receive trading strategies based on their prediction.
Additionally, they provide a marketplace of SEBI-registered advisors, allowing users to track and follow verified performance and receive real-time alerts on trades through WhatsApp and the Sensibull mobile app. The partnership aims to empower users to make better trading decisions and make retail investors in India profitable.
Angel Broking simplifies options trading with Sensibull and Effective Options Trading Strategies,
Business Wire India, May 25, 2021 https://www.businesswireindia.com/angel-broking-simplifies-options-trading-with-sensibull-offers-effective-options-trading-strategies-73145.html
Angel Broking partners with Sensibull to offer clients advanced options trading strategies and real-time trade recommendations. The integration includes virtual trading and a strategy builder, simplifying options trading for investors. Sensibull’s personalized strategies are based on market trends, making risk management easier.
Angel Broking is a technology-led financial services company with a wide customer outreach, while Sensibull is India’s first and largest Option Trading Platform, offering high-quality recommendations.
Prepared by: Jayesh Baviskar, July 2023
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