Wealthtech startup Infinyte Club raises $3.6 million in funding round led by Elevation Capital
Infinyte.Club, a wealth creation and management platform for tech and startup employees, has raised $3.6 million in a funding round led by Elevation Capital.
The round also saw participation from angel investors such as Cred founder Kunal Shah, Meesho cofounder Vidit Aatrey, Unacademy cofounder Gaurav Munjal, Razorpay cofounder Harshil Mathur and others.
The funds will be used to enhance the technology and grow the team.
Founded in 2023 by Ankita Tandon and Joylita Saldanha, the Bengaluru-based platform allows users to track their assets, manage their equity portfolios, and leverage their stock options. The platform closed over 40 primary and secondary deals during its private beta phase.
“To choose the asset class that we started with, we found it very odd that hundreds of people are building these incredible tech startups, but funnily enough, they only don't have access to investing in the companies they are building. Private equity opportunities or startup investing opportunities were only available to people behind very closed doors, and it was linked to who you knew. We wanted to change that,” Tandon told ET in an interaction.
This financial year, the startup plans to attract more investors and expand its range of asset classes. “We're looking to hit about 100,000 customers in this financial year,” Tandon said.
Commenting on the investment, Vaas Bhaskar, principal, Elevation Capital, said, «Infinyte.Club's mission is intricately aligned with the burgeoning trends in India's startup ecosystem. With the
