Wealthtech startup Infinyte.Club has successfully raised $3.6 million in a funding round led by Elevation Capital, with notable participation from a group of influential angel investors. Among the investors are Cred founder Kunal Shah, Meesho co-founder Vidit Aatrey, Unacademy co-founder Gaurav Munjal, and Razorpay co-founder Harshil Mathur, highlighting the strong backing and confidence in Infinyte.Club’s vision.
Based in Bengaluru, Infinyte.Club previously raised $3.52 million in 2022 from its existing investors. This latest round of funding will be allocated towards enhancing the platform’s technology and expanding its team, according to a press release by the company.
Co-founded in 2023 by Ankita Tandon and Joylita Saldanha, Infinyte.Club is focused on wealth creation and management, specifically catering to tech and startup employees. The platform provides access to private investment opportunities and addresses the challenges associated with ESOP (employee stock ownership plan) liquidity for early employees of prominent Indian startups.
During its private beta phase, Infinyte.Club has already facilitated over 40 primary and secondary deals, showcasing its potential to become a key player in the wealth management space. The company aims to attract a larger investor base, expand its range of asset classes, and is targeting 100,000 customers within the current financial year.
The funding news follows closely on the heels of other significant developments in the wealth management sector, with platforms like Dezerv raising $32 million and Stable Money securing $15 million in recent funding rounds. Infinyte.Club’s successful raise further underscores the growing interest and investment in wealthtech solutions tailored to the needs of India’s burgeoning tech and startup ecosystem.
