About Better Wealth
Better Wealth is a Technology company based in Jaipur (India) founded in 2016 by Mradul Agarwal and Devendra Kumar Agrawal. Automated robo-advisory services for mutual fund investments are provided. Better Wealth has raised $38.87 thousand across 1 funding round from investors including Axilor Ventures. Its Indian entity Efp Wealth Private Limited reported revenue of ₹18.6 Lakh. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Robo Advisors. Its competitors include FundExpert, Elever and Orowealth; 3 of its 3 listed competitors have raised funding.
Company details
Betterwealth was founded in 2016 in Jaipur, India, as a fintech company specializing in robo-advisory. Automated financial and investment advice is delivered for goal-based and retirement planning. Services are tailored to users income and risk tolerance, with execution of recommendations handled directly. Historical data spanning 16 years is analyzed to assess risk-return ratios of mutual funds. Operations focus on the Indian market.
- Headquarters Jaipur, India
- Founders Mradul Agarwal, Devendra Kumar Agrawal
- SectorsTechnology
- Phone•••• ••••
- Website betterwealth.in
- Social LinkedIn Facebook
- Legal Name Efp Wealth Private Limited
- Date of Incorporation 10 Dec, 2015
- Jurisdiction Delhi, India
- Annual Revenue₹18.6 Lakh
FY 2024 · -76% YoY
- Net Profit₹75.4 Lakh
FY 2024
- EBITDA₹71.6 Lakh
FY 2024
- Total Equity Funding$38.87K (USD)
in 1 rounds
- Latest Funding Round$38.87K (USD), Seed
Oct 2017
- Investors
Associated legal entities of Better Wealth
Better Wealth operates through Efp Wealth Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Efp Wealth Private Limited CIN U74999RJ2015PTC104550 | Active | 10 Dec 2015 | Jaipur, Rajasthan | ₹0.2 Cr | 2 | View details |
Funding Insights of Better Wealth
Better Wealth has successfully raised a total of $38.87K through 1 strategic funding round. The most recent funding activity was a Seed round of $38.87 thousand completed in October 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $38,870
- Total Rounds 1
- Last Round Seed — $38,870
- First Round $38,870
(Oct 2017)
- Investors Count 1
All 1 funding rounds of Better Wealth with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2017 | $38,870 | Seed | – | Axilor Ventures | – |
1 investors in total: 1 institutional.
Investors in Better Wealth
Better Wealth has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Axilor Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in early-stage startups in technology sectors. | 2014 | axilor.com | Bengaluru, India |
Investor details for Better Wealth
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Board of directors of Efp Wealth Private Limited (Better Wealth)
Efp Wealth Private Limited is the primary company behind Better Wealth. The board of Efp Wealth Private Limited currently have 2 directors; the longest-serving is Mukut Behari Agarwal, appointed in 2024. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mukut Behari Agarwal DIN 00645621 | Director | 26 Mar 2024 | 2 yrs 7 mo | Efp Wealth Private Limited |
| Kailash Chand Khandelwal DIN 02772505 | Director | 23 Aug 2024 | 2 yrs 2 mo | Efp Wealth Private Limited |
People of Better Wealth
2 people are tracked at Better Wealth (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Better Wealth
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Financials of Better Wealth
Figures of Efp Wealth Private Limited, the primary company behind Better Wealth, for FY 2024. Revenue was ₹18.6 Lakh (-76% year on year). Net profit was ₹75.4 Lakh. EBITDA was ₹71.6 Lakh. Revenue has grown at a compounded annual rate of +23% over three years and -3% over five years.
- ₹18.6 LakhRevenue · FY 2024 · -76% YoY
- ₹75.4 LakhNet profit
- ₹71.6 LakhEBITDA
- ₹25 LakhPaid-up capital
- +23%Revenue CAGR, 3 years
- -3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Efp Wealth Private Limited are on its company page.
Detailed financial statements for Better Wealth
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Better Wealth
2 dated milestones of Better Wealth across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Better Wealth is founded.
- Funding First funding round of $39K.
Competitors of Better Wealth
Better Wealth has 3 listed competitors in our database, 3 of them funded. They include FundExpert, Elever and Orowealth.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fundexpert.in | 2016 | Bengaluru, India | $88,816 | 4,379 | Automated mutual fund investing platform | |
| elever.app | 2020 | Bengaluru, India | $4.76M | 12 | Goal-based investments are enabled via an app-based platform. | |
| orowealth.com | 2015 | Mumbai, India | $2M | 42 | Platform for alternative asset and mutual fund investments is provided. |
Detailed competitors of Better Wealth
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Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Better Wealth (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Related news about Better Wealth
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Frequently Asked Questions about Better Wealth
Better Wealth was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Better Wealth is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Better Wealth is a funded company, having raised a total of $38.87K across 1 funding round to date. The company's 1st funding round was a Seed of $38.87K, raised on Oct 2017.
The primary company behind Better Wealth, Efp Wealth Private Limited, reported revenue of ₹18.6 Lakh for FY 2024, down 76% year on year.
Betterwealth was founded in 2016 in Jaipur, India, as a fintech company specializing in robo-advisory. Automated financial and investment advice is delivered for goal-based and retirement planning. Services are tailored to users income and risk tolerance, with execution of recommendations handled directly. Historical data spanning 16 years is analyzed to assess risk-return ratios of mutual funds. Operations focus on the Indian market.
Better Wealth's top competitors include FundExpert, Elever and Orowealth.
Better Wealth has 1 investor. Key investors include Axilor Ventures.
Better Wealth operates through Efp Wealth Private Limited.
The legal entities of Better Wealth currently have 2 directors, including Kailash Chand Khandelwal, Mukut Behari Agarwal.