With participation from angel investors including Cred founder Kunal Shah, Meesho co-founder Vidit Aatrey, Unacademy co-founder Gaurav Munjal, Razorpay co-founder Harshil Mathur, and others, wealthtech startup Infinyte.Club raised $3.6 million in a funding round headed by Elevation Capital.
In 2022, the Bengaluru-based company had previously raised $3.52 million from its current investors as well as others.
The funds will be used to expand the team and improve the technology, according to a press release from Infinyte.Club.
Infinyte was co-founded in 2023 by Joylita Saldanha and Ankita Tandon.Club is intended for tech and startup workers to manage and create wealth. The platform helps early workers of well-known Indian startups with their ESOP (employee stock ownership plan) liquidity problems and provides access to private investment opportunities.
During its private beta phase, Infinyte.Club closed over 40 primary and secondary deals. The platform hopes to reach roughly 100,000 users this fiscal year, draw in more investors, and broaden its selection of asset classes.
RTP Capital led the $32 million fundraising effort for wealth management platform Dezerv, while Stable Money raised about $15 million.
