IndMoney provides a single-platform wealth-management and personal-finance service that lets users track assets and invest in mutual funds, fixed deposits, US stocks and bonds. The company launched a neobanking platform last year in association with SBM Bank India and scaled it to half a million accounts in three months. Since launch IndMoney says it has 3.5 million registered users and the platform tracks more than $15 billion in investments. The startup offers premium wealth-planning solutions and is planning a credit-card product linked to its neobank, with credit lines of roughly Rs 75,000 to Rs 1 lakh. It also plans to start domestic stock-broking services this year and is in the process of acquiring the necessary licences. IndMoney says it will use new capital to scale its customer base to 25–30 million in the next 12–18 months. INDwealth is an India-based wealth management platform. It was founded by Ashish Kashyap, the former CEO of Ibibo. The company is raising about $12 million in a Series C round. Participants named in the report include Tiger Global Management, Steadview Capital, DF International Private Partners, and Tona Investments. The article does not disclose operating metrics such as revenue or user numbers. No specifics on product roadmap or use of proceeds were provided in the report. INDwealth operates a wealth management platform serving investors in India. The company was founded by Ashish Kashyap, the former chief executive of travel portal Ibibo. The article reports that INDwealth has raised $15 million in funding from US-based Tiger Global Management. Tiger Global is described in the piece as one of India’s most prolific technology startup investors. The article does not disclose operating metrics, future plans, or additional financial details.

Total raised

$102M

Funding rounds

3

Latest round

Series D

Latest activity

Jan 2022