Infinyte.Club is a wealth management platform that has secured $3.6 million in its seed funding round. This round was led by Elevation Capital and had the participation of other angel investors including the founder of CRED Kunal Shah, Gaurav Munjal, the CEO of Uncademy, ACKO founder Varun Dua, CEO of Invideo Sanket Shah, and the co-founder of Razorpay, Harshil Mathur. The startup plans to use these fresh proceeds to scale its teams, enhance its services, and market expansion.
The wealth-tech platform allows investors to search for various startups and make investments. It also enables startup employees with wealth management. The application allows users to access private investment opportunities and address the issues of Employee Stock Ownership Plan liquidity for early employees of leading startups across India. The co-founders of Infinyte Club, Joylita Saldanha and Ankita Tandon, told inc42 that the product designed by the startup is to grow with the members with the smartest and brightest minds in the country. They highlighted that this group of investors needs products to meet their level of creativity.
Infinyte Club enables members to track their assets, unlock the value of their stock options, and manage their equity portfolios. The company claims to have closed around 40 primary and secondary deals during its private beta phase. The company also secured $3.52 million in its fresh series A funding round from several investors. The data intelligence platform, traxcn mentioned that the company had a post-money valuation of 13.7 million USD as of July 2022. The startup aims to revolutionize the tech and wealth management ecosystem. The company plans to use this investment to strengthen its position in the wealth tech sector.
The startup claims to offer a secure platform for investors to invest in the startups. The firm will be using this investment to strengthen its platform, make it more secure, and expand across the country. Infinite intends to use this amount to scale up its in-house infrastructure, hire teams for business development, and advance its technology. The company provides a wealthtech platform to connect investors with startups. The platform currently claims to track over $150 million worth of ESOPs. The Infinite Club faces competition from other companies such as Angel List, Tyke, and more.
Conclusion:
Infinyte Club is a Bengaluru-based wealth tech startup offering an online platform that connects investors with the startup. The startup got fresh capital of $3.6 million from Elevation Capital in its seed funding round. The funding round had participation from several angel investors including the founder of CRED, Kunal Shah, and Uncademny CEO, Gaurav Munjal. The company plans to use this amount to scale up its teams, expand its offerings, and advance its technology. The startup claims to have closed 40 primary and secondary deals during its private beta phase. The company aims to revolutionize the investments and wealthtech sector across India. The platform enables members to track their assets and manage their equity portfolios.
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