Wealthy.in, run by Bangalore-based Buildwealth Technologies Pvt Ltd, has raised Rs 1.6 crore angel funding in angel funding from a group of investors including Toppr.com co-founder Zishaan Hayath.
Tracxn Labs founder Abhishek Goyal, Investopad founders Arjun and Rohan Malhotra, CoCubes co-founder Harpreet Singh Grover and Gagan Dugal of Matrix Cellular also put money in this round, Wealthy co-founder Aditya Agarwal told VCCircle.
The company will use the money raised to roll out its mobile app and offer more products including retirement solution plans. It is also looking to launch an advisory-cum-transaction platform for investment advisors.
Bangalore-based Wealthy was founded in September 2015 by Aditya Agarwal and Prashant Gupta. The startup provides investment related advice and allows users to make tax-saving investments and claims to conclude deals in less than three minutes.
“Customers have responded phenomenally to our concept and our mission to reach out to each and every household, regardless of how big an investment they want to make, has been well-received,” said Agarwal.
In a similar space, Bangalore-based Tauro Investment Advisors Pvt Ltd, which operates online stock market investment platform Tauro Wealth, has secured seed funding from TracxnLabs and a bunch of unnamed angel investors.
Bangalore-based Scripbox.Com India Pvt Ltd, which runs online fin-tech portal Scripbox, raised Rs 16 crore ($2.49 million) in its Series A round of funding from Accel Partners and a group of angel investors in August last year.