Indian B2B2C investment technology platform WealthDesk has raised an undisclosed amount in a pre-Series A funding to bolster its growth.

Senior leaders from global banks, market participants as well as prominent technology business corporates were the investors in the round.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Established in 2016, WealthDesk facilitates portfolio-based investing, in addition to equities and Exchange Traded Funds (ETF) consolidating advisory, broking, asset, and wealth management ecosystem.

Since its launch, the company has received over $1m in funding from the founders.

WealthDesk intends to use the new capital to scale up its B2B2C platform for retail investors and accelerate the platformisation of investment management Industry in the country by consolidating Broking, Advisory, MF Platforms and FinTech AMCs.

Speaking on the fundraise, WealthDesk founder and CEO Ujjwal Jain said: “We plan to use this funding to hire great talent, invest in R&D and further build out the technology to expand business, that is platformisation of asset and wealth management on top of broking, as this will be the future of the investment management industry.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

WealthDesk expects to close a substantial round of its Series A financing by the first half of this year.

The company, which has partnered with 15 full-service brokers and 10 SEBI RIAs, aims to onboard 0.5 million transacting users in the next quarter and one million transacting users before the end of the year.

In December 2020, Indian digital wealth management platform Scripbox made a strategic investment in investment adviser Mitraz Financial.

The same month, Swiss investment bank UBS set up a new office in the Indian city of Hyderabad to offer additional capabilities in finance, operations, and research.