Wealthy.in that assists wealth creation by providing investment related advice and transaction platform, has announced that it has secured Rs 1.6 crore from a group of angel investors.
The investors who participated in the round include Zishaan Hayath of Toppr, Abhishek Goyal of Tracxn Labs, Arjun and Rohan Malhotra of Investopad, Harpreet Singh Grover of CoCubes and Gagan Dugal of Matrix Cellular.
Bengaluru-based Wealthy.in was founded in September 2015 and made its entry into the market in February 2016. The company is in the business of decoding wealth creation by offering investment related advice.
It seeks to help the average Indian in his/her search for the most lucrative investment option by making the whole process personalised, unbiased and transparent.
Within a month of its launch, Wealthy.in has been successful in validating its approach. Commenting on the investment, Aditya Agarwal, Founder and CEO, Wealthy.in said,
“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. We are India’s first paperless company that allows an investment to be with a click of a button and in a matter of minutes. We aren’t stopping here though – we want to leverage technology that lets us support even a Rs. 100 investment portfolio profitably. We are now working to extend our offerings and offer more wealth management solutions to our customers. None of the recent achievements and these future plans would have been possible without the financial backing of our esteemed investors.”
Great customer feedback on the quality of advisory and transaction experience has reinstated the core team’s belief that Wealthy’s offering has hit the right chord not only with the target audience but also from industry insiders who foresee a promising growth curve ahead.
Zishaan Hayath, Founder, Toppr said, “People have been waiting for investment advice that’s simple to understand, personalised and easily accessible. Wealthy.in makes it very easy for anyone to make their money grow. Their experience is similar to the seamless e-commerce or cab-booking experience that all of us are so used to. Delightful user interface along with the ability to conclude a transaction within just 3 minutes – and without the involvement of any tedious paperwork – is a commendable achievement. As I see it, there is no stopping Wealthy.in from being the next big thing in the financial services industry.”
The company is already in talks with investors for the next round of fund-raise that will help sharpen its technological edge and scale up its customer base.