Thursday, June 30, 2022
Techiexpert.com
No Result
View All Result
  • Login
  • Register
Exclusive Videos
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
No Result
View All Result
TechiExpert
No Result
View All Result

AI-Based FinTech Startup INDwealth Raises $30 Mn

Sony T by Sony T
November 15, 2020
in Startup news
Reading Time: 2 mins read
AI-Based FinTech Startup INDwealth Raises $30 Mn
9
SHARES
127
VIEWS
Share on FacebookShare on Twitter

Former CEO of IBIBO Group and President of MakeMyTrip, Ashish Kashyap yesterday has announced his new Venture IndWealth, which is a wealth technology startup has now raised $30 Million from the Steadview Capital Investment Fund.

The wealth management startup which will be going to be launched in January will be going to use the Artificial intelligence and Machine Learning to help the users to manage their liabilities, future cash flows, investments, and taxation.

The platform will also help the users to create financial goals and manage their future cash flows in a perfect format. The company is also working on building the team of certified finance across entire India.

InWealth is also going to be the first wealth technology application from the company which is targeted at the HNI and affluent segment.

The startup has raised around Rs 220 crore in the funding round of seed from the Hong Kong and the UK based Hedge Steadview capital fund, which is as of now one of the largest funding round raised by a homegrown startup.

“Managed wealth in India is under-penetrated at less than 10 percent. The intersection of AI and machine learning with finance combined with the fact that managed wealth is an under-penetrated sector represents a large opportunity. As a consumer, there are several gaps and problems that I have experienced first hand in the wealth management industry. Having identified the solutions, we are looking forward to solving the same by use of technology and by delivering a transparent, simple and intelligent user experience via IndWealth.in,” said Kashyap.

Kashyap exited from MakeMyTrip-GoIbibo a year after the later was acquired by the larger rival.

“Globally, this space has seen some innovative applications of tech, especially artificial intelligence, and machine learning, combined with a human touch to change the way wealth is managed for individuals. Further, the scope of wealth management is no more restricted to the top of the pyramid. We see a massive opportunity for technology to democratize wealth management in India across income levels,” said Ravi Mehta, founder, and chief information officer of Steadview.

Steadview Capital has also invested in leading internet companies such as Ola, Policybazaar, and Flipkart.

Tags: AI NewsAI StartupAI usecasesINDwealthML usecases
Share4Tweet2Share1Pin1

Related Posts

Data Analytics startup USEReady launches a new centres
Startup news

Data Analytics startup USEReady launches a new centres

Neuron7.ai emerges from Stealth Mode, Raises $4.2 Million in Seed Funding
Startup news

Neuron7 Raises $10 Million Series A Funding to Revolutionize AI-Powered Customer Service

AI-based Mobile Time Tracking & Workforce Productivity with Enalytix
Startup news

AI-based Mobile Time Tracking & Workforce Productivity with Enalytix

Patented public transport app with Real-time public transport information – Tummoc
Startup news

Patented public transport app with Real-time public transport information – Tummoc

Aerotime raises $2M in seed funding led by Nexus Venture Partners
Startup news

Aerotime raises $2M in seed funding led by Nexus Venture Partners

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Most Read

  • How to Track Someone’s iPhone by Phone Number?

    How to Track Someone’s iPhone by Phone Number?

    296 shares
    Share 118 Tweet 74
  • Top 5 car automation trends to know

    130 shares
    Share 52 Tweet 33
  • What is windows modules installer ? How to Enable/Disable

    1233 shares
    Share 493 Tweet 308
  • Is Parody Coin investment a Good Investment?

    57 shares
    Share 23 Tweet 14
  • How to Track Activities an Instagram account?

    81 shares
    Share 32 Tweet 20
  • Tips to Reduce Your Website Hosting Costs

    869 shares
    Share 347 Tweet 217

Recent Stories

Does domain extensions impact SEO standards

Does domain extension impact SEO standards
Share4Tweet3Share1Pin1

Ways Data Analysis has changed customer reward programs

Ways Data Analysis has changed customer reward programs
Share4Tweet3Share1Pin1

Here’s why Deep Learning might not be enough for celebrity face recognition

Digital Learning face recognition
Share5Tweet3Share1Pin3

How Enterprise Blockchain can enable Privacy Preservation

How Enterprise Blockchain can enable Privacy Preservation
Share5Tweet3Share1Pin1
  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

© 2022 All Rights Reserved

No Result
View All Result
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media

© 2022 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Cookie Law Notice
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT