The Work Index by Flexa

Punch

Punch is a mobile-only, options-focused stockbroker based in India.

6.6

/10

Transparency ranking

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Description

Punch is an Indian mobile-first stockbroker specializing in options trading. They offer a streamlined and intuitive trading platform designed to simplify the options trading experience. Punch prides itself on its innovative single-screen trading interface, risk management tools, and user-friendly design, aiming to empower traders of all levels with the confidence to make informed decisions. They also have a transparent pricing structure with a flat brokerage fee of ₹20 and no account opening or annual maintenance charges.

Punch is a relatively young company, having been founded in 2021, but has already secured $7 million in seed funding from prominent investors including CRED, Ultrahuman, and Nazara. Their team comprises experienced professionals with expertise in technology, design, trading, and finance. They are committed to building a large and successful business in the Indian broking space, capitalizing on the rapidly growing options trading market and the shift towards mobile-first trading.

Flexibility

Punch offers a hybrid work model, allowing employees to choose between working remotely and from the company office. While a core team operates from their Mumbai office, others are distributed across India. This flexibility enables a balance between the benefits of remote work and the collaborative energy of in-person interaction.

Hybrid

Benefits

Punch offers a comprehensive benefits package that prioritizes employee well-being and a strong sense of community. The company embraces a hybrid work model, allowing employees to work remotely or from their Mumbai office, known as Agnelo House. Punch also offers unique employee experiences through Caravan, a co-living program that brings employees together for collaborative work and social events in interesting locations every 3-6 months. These programs encourage strong human connection, fostering a positive and inclusive work culture.

Mission

Punch is a mobile-first, options-only brokerage platform based in India. They are dedicated to empowering traders with a cutting-edge, user-friendly platform designed to simplify options trading. Their mission is to make options trading accessible to a wider audience, offering innovative features like risk management tools and single-screen trading, while maintaining a strong focus on client support and education. They are committed to disrupting the traditional broking industry with a modern, tech-driven approach to empowering traders.

Disruptor
Soonicorn

Culture

Punch promotes a culture of intense work ethic, collaboration, and a strong sense of community. They value grit, ambition, and innovation, encouraging employees to push boundaries and strive for ambitious goals. The company embraces a hybrid work model, balancing the comfort of remote work with in-person team gatherings and strategic brainstorming sessions. They prioritize building strong relationships and fostering a sense of belonging, emphasizing the importance of connecting with colleagues beyond work.

Agile and dynamic
Autonomous
Collaborative
Engaging
Entrepreneurial
Fast-paced
Fun
People-first
Progressive
Supportive

DE&I

Punch emphasizes building a diverse and inclusive workplace that values collaboration and a sense of belonging. They promote a hybrid work model, with a core team in Mumbai and extended teams across India, enabling remote work. Their “Caravan” program fosters deep connections and shared experiences by bringing the team together in different locations. Although Punch's company website does not explicitly state a diversity, equity, and inclusion statement, their emphasis on a hybrid work model and team-building initiatives suggest a commitment to inclusivity and a desire to attract a diverse workforce.

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