About Novelty Wealth
Novelty Wealth is a Technology company based in Bengaluru (India) founded in 2024. It offers personalized financial planning, investment advice, and AI-powered support. It operates on a B2C model in Technology and Financial Services sectors. Novelty Wealth has raised $1.35 million across 1 funding round from investors including India Quotient, Akshay Nasa and Devesh Tikmani. Its Indian entity Fw Fintech Private Limited reported revenue of ₹6.1 Lakh. Novelty Wealth offers products and services including Comprehensive Financial Planning and AI-Powered Support. Its focus areas include FinTech, Advisory Services, Personal Finance and AI-Powered Support. Its competitors include Scripbox, Dezerv and Wealthy; 3 of its 3 listed competitors have raised funding.
Company details
Novelty Wealth delivers integrated financial services, including investments, tax planning, insurance, and loan management, tailored to individual and family needs. As a SEBI-registered advisor, they provide unbiased, year-round support with AI-powered assistance for queries. Based in Bangalore, India, they focus on simplifying wealth management for clients seeking efficient financial strategies.
- Headquarters Bengaluru, India
- SectorsTechnologyFinancial Services
- Email••••••••
- Website noveltywealth.in
- Legal Name Fw Fintech Private Limited
- Date of Incorporation 04 May, 2024
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹6.1 Lakh
FY 2025
- Net Loss-₹14.2 Lakh
FY 2025 · -235% margin
- EBITDA-₹14.2 Lakh
FY 2025 · -234% margin
- Total Equity Funding$1.35M (USD)
in 1 rounds
- Latest Funding Round$1.35M (USD), Seed
Nov 2025
- InvestorsIndia Quotient
& 8 more
Associated legal entities of Novelty Wealth
Novelty Wealth operates through Fw Fintech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fw Fintech Private Limited CIN U66190KA2024PTC188214 | Active | 04 May 2024 | Bangalore, Karnataka | ₹0.1 Cr | 2 | View details |
Products & Services of Novelty Wealth
Novelty Wealth offers a comprehensive portfolio of products and services, including Comprehensive Financial Planning and AI-Powered Support.
Integrated services for investments, taxes, insurance, and loans management.
24/7 help for answering financial queries and providing guidance.
Funding Insights of Novelty Wealth
Novelty Wealth has successfully raised a total of $1.35M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.35 million completed in November 2025. 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 $1.35M
- Total Rounds 1
- Last Round Seed — $1.35M
- First Round $1.35M
(Nov 2025)
- Investors Count 9
All 1 funding rounds of Novelty 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 |
|---|---|---|---|---|---|
| Nov 2025 | $1.35M | Seed | – | India Quotient |
9 investors in total: 1 institutional and 8 angel.
Investors in Novelty Wealth
Novelty Wealth has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include India Quotient, Akshay Nasa and Devesh Tikmani.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| indiaquotient.in | ||||
AN Akshay Nasa | unknown_1edbf3419ed44aabb | |||
DT Devesh Tikmani | unknown_94ca1d5e2aae4a649 | |||
DA Deepika Aggarwal | unknown_da1118c97a2540459 | |||
RD Renu Devi Garodia | unknown_97dc1e9cb6c742eb9 | |||
PB Prakhar Bindal | unknown_4353c3d3781e4c799 | |||
BI Balaji Iyer | unknown_b1c7473ebe8e4c4a9 | |||
SD Sasikanth Dola | unknown_6e2f2ada6cb741be9 | |||
MS Mohit Sarawagi | unknown_4034e21ddd78492d9 |
Investor details for Novelty Wealth
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Fw Fintech Private Limited (Novelty Wealth)
Fw Fintech Private Limited is the primary company behind Novelty Wealth. The board of Fw Fintech Private Limited currently have 2 directors; the longest-serving is Sajal Gupta, appointed in 2024.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sajal Gupta DIN 10210629 | Director | 04 May 2024 | 2 yrs 6 mo | Fw Fintech Private Limited |
| Naveen Changoiwala DIN 10617524 | Director | 04 May 2024 | 2 yrs 6 mo | Fw Fintech Private Limited |
Financials of Novelty Wealth
Figures of Fw Fintech Private Limited, the primary company behind Novelty Wealth, for FY 2025. Revenue was ₹6.1 Lakh. Net loss was -₹14.2 Lakh (-235% margin). EBITDA was -₹14.2 Lakh (-234% margin).
- ₹6.1 LakhRevenue · FY 2025
- -₹14.2 LakhNet loss · -235% margin
- -₹14.2 LakhEBITDA · -234% margin
- ₹1.08 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Fw Fintech Private Limited are on its company page.
Detailed financial statements for Novelty Wealth
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Novelty Wealth
2 dated milestones of Novelty Wealth across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Novelty Wealth is founded.
- Funding First funding round of $1.4M.
Competitors of Novelty Wealth
Novelty Wealth has 3 listed competitors in our database, 3 of them funded. They include Scripbox, Dezerv and Wealthy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| scripbox.com | 2012 | Bengaluru, India | $83.98M | 398 | Platform offering mutual fund investments, financial planning, and wealth growth services | |
| dezerv.in | 2021 | Mumbai, India | $100M | 513 | Investment solutions and portfolio management are provided for affluent individuals. | |
| wealthy.in | 2015 | Bengaluru, India | $22.29M | 231 | Digital wealth management platform is offered for personalized investments. |
Detailed competitors of Novelty Wealth
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in AI in Banking
3 companies that operate in the same segment as Novelty Wealth (AI in Banking) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Offers AI-powered product development and consulting services worldwide. | 1997 | Hyderabad, Telangana, India | 2,274 | |||
AI app for automatic expense tracking, bill reminders, and account balance monitoring. | Bathinda, Punjab, India | USD 107.21 K | ||||
Offers digital product development, app modernization, and AI solutions for clients. | 2008 | Hyderabad, Telangana, India | USD 1.74 M | 128 |
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Frequently Asked Questions about Novelty Wealth
Novelty Wealth was founded in 2024 and raised its 1st funding round 1 year after it was founded.
Novelty Wealth is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Novelty Wealth is a funded company, having raised a total of $1.35M across 1 funding round to date. The company's 1st funding round was a Seed of $1.35M, raised on Nov 2025.
The primary company behind Novelty Wealth, Fw Fintech Private Limited, reported revenue of ₹6.1 Lakh for FY 2025.
Novelty Wealth delivers integrated financial services, including investments, tax planning, insurance, and loan management, tailored to individual and family needs. As a SEBI-registered advisor, they provide unbiased, year-round support with AI-powered assistance for queries. Based in Bangalore, India, they focus on simplifying wealth management for clients seeking efficient financial strategies.
Novelty Wealth offers Comprehensive Financial Planning and AI-Powered Support.
Novelty Wealth has 9 investors. Key investors include India Quotient, Akshay Nasa, Devesh Tikmani, Deepika Aggarwal, and Renu Devi Garodia.
Novelty Wealth operates through Fw Fintech Private Limited.
The legal entities of Novelty Wealth currently have 2 directors, including Sajal Gupta, Naveen Changoiwala.