Bengaluru-based wealth technology startup Infinyte.Club has raised $3.6 million in seed funding funds round led by Lifting capital.
Remarkable angel investors Participating in the round included Kunal Shah (Founder, CRED), Vidit Aatrey (Co-Founder, Meesho), Gaurav Munjal (CEO, Unacademy), Sanket Shah (CEO, InVideo), Varun Dua (Founder, ACKO) and Harshil Mathur (Co-Founder, Razorpay).
What does Infinyte.Club do?
Co-founded in 2023 by Ankita Tandon and Joylita Saldanha, Infinyte.Club is dedicated to creating and managing wealth for tech workers and startup employees.
The platform enables asset tracking, equity portfolio management and unlocking the value of stock options. During its beta phase, it has facilitated over 40 transactions and offers private equity and ESOP solutions.
Purpose of fundraising
Infinyte.Club plans to use the capital raised to expand its technology infrastructure and grow the team for further growth.
“Over the next 3-5 years, we aim to establish a comprehensive ecosystem that not only facilitates equity value realization but also provides cutting-edge financial tools and exclusive investment opportunities,” the co-founders said.
The growth of Infinyte.Club
Infinyte.Club claims to have closed more than 40 primary and secondary deals during its beta phase.
“Our product is designed to grow with our members, who are the brightest minds in the country. We believe that this group of smart investors needs products that match their level of creativity and insight. We want to ensure that these talented individuals, who have played a key role in shaping the startup landscape, are fully equipped to leverage their contributions to this evolving technology landscape and realize their wealth ambitions,” the founders added.
With the aim of attracting more investors
Infinyte.Club now aims to attract more investors and expand its range of asset classes. The startup aims to reach around 100,000 customers in this financial year.
Commenting on the investment, Vaas Bhaskar, Director, Elevation Capital, said, “Infinyte.Club’s mission is closely aligned with the burgeoning trends in India’s startup ecosystem. With the nation poised to generate significant wealth through startups and tech companies, there is a pressing demand for dedicated platforms that cater to the unique needs of founders and operators.”
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