INDwealth, an AI driven financial advisory engine for High Net Worth Individuals (HNI), is now raising its Series C funding round from existing and new investors. The company was founded by Ashish Kashyap, Pratiksha Dake and Varun Bhatia in 2018.
The company has raised over $45 million funding in its last two rounds from Steadview Capital and Tiger Global.
The company will utilize these funds in business expansion and strengthen its technology.
According to the company filings with the Ministry of Corporate Affairs, in a resolution dated January 16, 2020, INDwealth approved allotment of 2096 Series C preference shares worth INR 87.14 Cr. The shares have been allotted to Steadview Capital, Tiger Global, DF International Private Partners and Tona Investments LP.
INDWealth is a full-stack wealth-management platform targeted at affluent and HNI families. INDwealth enables families to organize and track their financial life across investments, loans and taxes. The platform leverages machine learning (ML) to deliver advice at scale, thereby, recommending actions to maximize a family’s future wealth.
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