Infobahn is into banking and currency accounting software with a presencein both Mumbai and Hong Kong. It holds a 26 per cent stake inEquitytrade.com according to Sanghi."We have an indirect investment now inEquitytrade following our investment in Infobahn," says Arun Pai ofPassionFund. PassionFund is an angel fund managed by former Channel V chiefMahesh Murthy and Arun Pai who was earlier with Arthur Andersen.

Equitytrade, as the name suggests is an online trading site which wasfounded in July '98 by Kapil Sanghi with technology as well as capitalinputs from Infobahn. Sanghi's family business (Sah & Sanghi) is in the areaof automobile dealership. The other promoter Govind Jagtiani of Infobahn,was earlier with IBM and has worked in the area of banking software forseveral years. The portal is just one of Infobahn's products, the othersbeing an interbank reconciliation software, a specialized software forgarment trading companies and a general ledger product among others,according to Murthy.

Equitytrade.com focusses on the day trader who is looking for speed ofexecution in an online trading site. "What is critical here is not demat ordelivery of shares (which calls for backend systems that are yet to get intoplace) but speed of execution," explains Murthy.