About Wealth42
Wealth42 is a Technology company based in Bengaluru (India) founded in 2019 by Nitish Varma and Ashutosh Dwivedi. A customizable AI platform for financial planning is offered. It operates on a AI-as-a-Service and FinTech model. Wealth42 has raised $441.18 thousand across 2 funding rounds from investors including Angel List, QED Innovation Labs and Zaan Webveda. Wealth42 was last valued at $2.43 million in August 2021. Its Indian entity X2a Soft Labs Private Limited reported revenue of ₹56.9 Lakh. Wealth42 offers products and services including MINT Science. Its focus areas include Financial Services, FinTech and Financial Planning Software.
Company details
A platform leveraging AI for financial planning is provided by Wealth42. Optimization sciences are blended with personal finance to assist in decision-making towards goals. The MINT Science technology, a specialized optimization engine, is utilized to manage cash flow scenarios. Need-analysis is conducted by aligning client goals with financial products such as mutual funds, ETFs, and insurance plans. Complex or simple financial planning journeys are built for end-users or advisers through this configurable platform.
- Headquarters Bengaluru, India
- Founders Nitish Varma, Ashutosh Dwivedi
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Website wealth42.com
- Social LinkedIn X Facebook
- Legal Name X2a Soft Labs Private Limited
- Date of Incorporation 10 Jan, 2020
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹56.9 Lakh
FY 2024 · +789% YoY
- Net Loss-₹2.84 Cr
FY 2024 · -499% margin
- EBITDA-₹2.83 Cr
FY 2024 · -497% margin
- Total Equity Funding$441.18K (USD)
in 2 rounds
- Latest Funding Round$441.18K (USD), Seed
Aug 2021
- InvestorsAngel List
& 21 more
Associated legal entities of Wealth42
Wealth42 is associated with 2 registered companies on The Company Check; the primary company is X2a Soft Labs Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| X2a Soft Labs Private Limited CIN U72900KA2020PTC131507 | Active | 10 Jan 2020 | Bangalore, Karnataka | ₹0.6 Cr | 3 | View details | |
| X2a Investment Advisers Private Limited CIN U74140KA2021PTC151561 | Strike Off | 08 Sep 2021 | Bangalore, Karnataka | ₹0.1 Cr | 2 | View details |
Products & Services of Wealth42
Wealth42 offers a comprehensive portfolio of products and services, including MINT Science.
A specialized engine for managing cash flow scenarios.
Funding Insights of Wealth42
Wealth42 has successfully raised a total of $441.18K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $441.18 thousand completed in August 2021. 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 $441,182
- Total Rounds 2
- Last Round Seed — $441,182
- First Round $15,000
(Dec 2019)
- Investors Count 22
All 2 funding rounds of Wealth42 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 |
|---|---|---|---|---|---|
| Aug 2021 | $441,182 | Seed | $2.43M | – | |
| Dec 2019 | $15,000 | Grant | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2021 | $2.43M | •••••••• |
Last known valuation $2.43M (Aug 2021). 22 investors in total: 5 institutional and 17 angel.
Investors in Wealth42
Wealth42 has secured backing from 22 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, QED Innovation Labs and Zaan Webveda.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital funding is provided to innovative startups in India. | Mumbai, India | |||
Investments are directed toward early-stage startups by Zaan Webveda. | Faridabad, India | |||
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
DS Dandapani Swaminathan | unknown_e0e3b53e8d794b098 | |||
AR Aprameya R | unknown_62d5a63a7f6841bfa | |||
AM Anupam Mittal | Founder of Shaadi.com, angel investor, Shark Tank India judge | unknown_622c62db1a8545249 | ||
KK Kushal Khandwala | Angel investor and entrepreneur, co-founder of KredX, focused on fintech | unknown_40c7eed6adb045daa | ||
NR Nishith Rastogi | Founder of Locus.sh, logistics tech innovator, active angel investor | unknown_a295ab3ba3cc4f59b |
Investor details for Wealth42
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 X2a Soft Labs Private Limited (Wealth42)
X2a Soft Labs Private Limited is the primary company behind Wealth42. The boards of the 2 registered companies of Wealth42 currently have 4 directors; the longest-serving is Ashutosh Dwivedi, appointed in 2020. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashutosh Dwivedi DIN 08665786 | Director | 10 Jan 2020 | 6 yrs 10 mo | X2a Soft Labs Private Limited, X2a Investment Advisers Private Limited |
| Nitish Varma DIN 03361755 | Director | 08 Sep 2021 | 5 yrs 2 mo | X2a Investment Advisers Private Limited |
| Shalini Varma DIN 05151435 | Additional Director | 14 Dec 2024 | 1 yr 10 mo | X2a Soft Labs Private Limited |
| Shubha Ganesh DIN 01467766 | Managing Director | 10 Jan 2025 | 1 yr 10 mo | X2a Soft Labs Private Limited |
People of Wealth42
2 people are tracked at Wealth42 (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Wealth42
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Wealth42
Figures of X2a Soft Labs Private Limited, the primary company behind Wealth42, for FY 2024. Revenue was ₹56.9 Lakh (+789% year on year). Net loss was -₹2.84 Cr (-499% margin). EBITDA was -₹2.83 Cr (-497% margin). Revenue has grown at a compounded annual rate of +72% over three years.
- ₹56.9 LakhRevenue · FY 2024 · +789% YoY
- -₹2.84 CrNet loss · -499% margin
- -₹2.83 CrEBITDA · -497% margin
- ₹1.2 LakhPaid-up capital
- +72%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of X2a Soft Labs Private Limited are on its company page.
Detailed financial statements for Wealth42
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 Wealth42
4 dated milestones of Wealth42 across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Wealth42 is founded.
- Funding First funding round of $15K.
- Funding Latest funding round, Seed, of $441K.
- Milestone Reaches Minicorn status.
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Wealth42 (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 549.14 M | 3,823 | |
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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Frequently Asked Questions about Wealth42
Wealth42 was founded in 2019.
Wealth42 is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Wealth42 is a funded company, having raised a total of $441.18K across 2 funding rounds to date. The company's 1st funding round was a Grant of $15K, raised on Dec 2019.
The primary company behind Wealth42, X2a Soft Labs Private Limited, reported revenue of ₹56.9 Lakh for FY 2024, up 789% year on year.
A platform leveraging AI for financial planning is provided by Wealth42. Optimization sciences are blended with personal finance to assist in decision-making towards goals. The MINT Science technology, a specialized optimization engine, is utilized to manage cash flow scenarios. Need-analysis is conducted by aligning client goals with financial products such as mutual funds, ETFs, and insurance plans. Complex or simple financial planning journeys are built for end-users or advisers through this configurable platform.
Wealth42 offers MINT Science.
Wealth42 has 22 investors. Key investors include Angel List, QED Innovation Labs, Zaan Webveda, Dandapani Swaminathan, and Aprameya R.
The valuation of Wealth42 is $2.43M as of Aug 2021.
Wealth42 is associated with 2 legal entities: X2a Soft Labs Private Limited, X2a Investment Advisers Private Limited.
The legal entities of Wealth42 currently have 4 directors, including Ashutosh Dwivedi, Shalini Varma, Shubha Ganesh and others.