Summary:
Infinyte.Club, a wealth management platform for tech and startup employees, raised $3.6 million in funding led by Elevation Capital.
The funding will be used to enhance the platform's technology and grow the team.
Infinyte.Club aims to democratize access to private equity opportunities and startup investing.
The startup plans to attract more investors and expand its range of asset classes, aiming to reach 100,000 customers this financial year.
This investment reflects a growing trend in wealthtech startups catering to the unique needs of startup employees.
Infinyte.Club: A Wealth Management Platform for Startup Employees
Infinyte.Club, a Bengaluru-based wealth creation and management platform for tech and startup employees, has raised $3.6 million in funding led by Elevation Capital. The round also saw participation from prominent angel investors such as Kunal Shah (Cred), Vidit Aatrey (Meesho), Gaurav Munjal (Unacademy), and Harshil Mathur (Razorpay).
What does Infinyte.Club offer?
Infinyte.Club allows users to:
- Track their assets
- Manage equity portfolios
- Leverage stock options
The platform closed over 40 primary and secondary deals during its private beta phase.
Why is Infinyte.Club important?
Co-founder Ankita Tandon highlights a critical need in the startup ecosystem: "It was very odd that hundreds of people are building these incredible tech startups, but they don't have access to investing in the companies they are building." Infinyte.Club aims to democratize access to private equity opportunities and startup investing.
The Future of Infinyte.Club
The funding will be used to enhance the platform's technology and expand the team. Infinyte.Club plans to attract more investors and expand its range of asset classes. They are aiming to reach 100,000 customers this financial year.
What the Investors Say
Vaas Bhaskar, principal at Elevation Capital, commented on the investment, stating, "Infinyte.Club's mission is intricately aligned with the burgeoning trends in India's startup ecosystem. With the nation poised for substantial wealth generation through startups and tech enterprises, there's a pressing demand for dedicated platforms that cater to the unique needs of founders and operators."
A Growing Trend in Wealthtech
The investment in Infinyte.Club reflects a growing trend in wealthtech startups catering to the unique needs of startup employees. Other recent investments include:
- Dezerv: raised $30 million led by Premji Invest
- Stable Money: raised $15 million led by RTP Capital
These startups are addressing the need for accessible and tailored wealth management solutions for individuals within the rapidly evolving startup ecosystem.
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