About WealthApp
WealthApp is a company based in Bengaluru (India) founded in 2016 by Sanjay Gowda. WealthApp has raised $610.63 thousand across 2 funding rounds from investors including Jayant Davar, NuVentures and Venk Krishnan. WealthApp operates in a competitive market with competitors including Kristal, Wahed, Orowealth, FundExpert and 5 nce, among others.
- Headquarter Bengaluru, India
- Founders Sanjay Gowda
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website wealthapp.com
- Social LinkedIn X Facebook
- Legal Name Wealthapp Financial Advisors Private Limited
- Date of Incorporation 22 Jan, 2016
- Jurisdiction Bangalore, Karnataka, India
- Net Loss-₹1.4 Lakh
FY 2022 · 0% margin
- EBITDA-₹1.4 Lakh
FY 2022 · 0% margin
- Total Equity Funding$610.63K (USD)
in 2 rounds
- Latest Funding Round$156.97K (USD), Angel Round
Jan 2018
- InvestorsNuVentures
& 12 more
Associated legal entities of WealthApp
WealthApp operates through Wealthapp Financial Advisors Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Wealthapp Financial Advisors Private Limited CIN U74900KA2016PTC085473 | Strike Off | 22 Jan 2016 | Bangalore, Karnataka | – | – | 2 | View details |
Funding Insights of WealthApp
WealthApp has successfully raised a total of $610.63K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $156.97 thousand completed in January 2018. 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 $610,625
- Total Rounds 2
- Last Round Angel Round — $156,965
- First Round $453,660
(Jul 2016)
- Investors Count 13
All 2 funding rounds of WealthApp 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 |
|---|---|---|---|---|---|
| Jan 2018 | $156,965 | Angel Round | $6.6M | Jayant Davar | – |
| Jul 2016 | $453,660 | Seed | $1.5M | Kota Reddy, M J Aravind |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2018 | $6.6M | •••••••• |
| Jul 2016 | $1.5M | •••••••• |
Last known valuation $6.6M (Jan 2018). 13 investors in total: 1 institutional and 12 angel.
Investors in WealthApp
WealthApp has secured backing from 13 investors, including angel and venture fund investors. Prominent investors backing the company include Jayant Davar, NuVentures and Venk Krishnan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
NuVentures is engaged in venture capital investments for startups. | – | nuventures.vc | Bengaluru, India | |
JD Jayant Davar | Co-Founder of Sandhar Technologies, prominent angel investor in Indian startups | – | unknown_3bfdbbe9a6284af1b | - |
VK Venk Krishnan | Founder of NuVentures, active angel investor in Indian startups | – | unknown_dc7958e540b14d6ca | - |
KR Kota Reddy | - | – | unknown_369861c7953a4d41a | - |
MJ M J Aravind | - | – | unknown_aa0e540722c6406bb | - |
RN Ramkrishna Nishtala | - | – | unknown_d5ff751f9bbb4f8d8 | - |
VK Venkatram Krishnan | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | – | unknown_12b9e8f7f7c84faf9 | - |
CA Chitra Aravind | - | – | unknown_c0be758f268841b7a | - |
RN Ramkumar Nishtala | - | – | unknown_25d9d798ac2248749 | - |
RM Rashay Mohan | - | – | unknown_db5e638aeebb4a84b | - |
Investor details for WealthApp
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 Wealthapp Financial Advisors Private Limited (WealthApp)
Wealthapp Financial Advisors Private Limited is the primary company behind WealthApp. The board of Wealthapp Financial Advisors Private Limited currently have 2 directors; the longest-serving is Sanjay Havalli Byregowda, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjay Havalli Byregowda DIN 05007466 | Director | 22 Jan 2016 | 10 yrs 8 mo | Wealthapp Financial Advisors Private Limited |
| Gaurav Dhawan DIN 05007467 | Director | 22 Jan 2016 | 10 yrs 8 mo | Wealthapp Financial Advisors Private Limited |
People of WealthApp
1 people are tracked at WealthApp (1 in leadership).
| Name | Role | Group |
|---|---|---|
Sanjay Gowda | Co-Founder | Leadership |
Complete people profiles for WealthApp
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 WealthApp
Figures of Wealthapp Financial Advisors Private Limited, the primary company behind WealthApp, for FY 2022. Net loss was -₹1.4 Lakh (0% margin). EBITDA was -₹1.4 Lakh (0% margin). Revenue has grown at a compounded annual rate of -100% over three years and -100% over five years.
- -₹1.4 LakhNet loss · 0% margin
- -₹1.4 LakhEBITDA · 0% margin
- ₹24.9 LakhPaid-up capital
- -100%Revenue CAGR, 3 years
- -100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Wealthapp Financial Advisors Private Limited are on its company page.
Detailed financial statements for WealthApp
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 WealthApp
4 dated milestones of WealthApp across 2 years, from founding to its latest funding, stage changes and deals.
- Founded WealthApp is founded.
- Funding First funding round of $454K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $157K.
Competitors of WealthApp
WealthApp operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kristal, Wahed, Orowealth, FundExpert and 5 nce, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kristal.ai | 2016 | Singapore | $19.1M | 42 | AI-based asset management is offered for individual investors. | |
| wahed.com | 2017 | New York, United States | $95M | – | Shariah-compliant investments and savings are offered to individuals. | |
| orowealth.com | 2015 | Mumbai, India | $2M | 42 | Platform for alternative asset and mutual fund investments is provided. | |
| fundexpert.in | 2016 | Bengaluru, India | $88,816 | 4,379 | Automated mutual fund investing platform | |
| 5nance.com | 2010 | Mumbai, India | $6.28M | 13 | AI-powered investment and financial advisory services are provided. | |
| elever.app | 2020 | Bengaluru, India | $4.76M | 12 | Goal-based investments are enabled via an app-based platform. | |
| reliancesmartmoney.com | 2005 | Mumbai, India | – | 1 | Provider of online platform for trading stocks, mutual funds, and insurance | |
| finbingo.com | 2017 | Mumbai, India | $3.72M | 58 | AI-based robo advisor & financial advisory platform |
Detailed competitors of WealthApp
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.
Latest news on Wealthapp
Complete news archive for WealthApp
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to WealthApp
10 companies that operate in the same segment as WealthApp (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.73 B | USD 2.98 B | 2,300 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | – | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | – | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | – | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | – |
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Frequently Asked Questions about WealthApp
WealthApp was founded in 2016.
WealthApp is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
WealthApp is a funded company, having raised a total of $610.63K across 2 funding rounds to date. The company's 1st funding round was a Seed of $453.66K, raised on Jul 2016.
WealthApp was founded in 2016 in Bengaluru, India, as an investment advisory platform in the fintech sector. Algorithm-driven tools are utilized to optimize investment portfolios for users. A mobile application is provided for tracking investments, creating watch lists, and receiving alerts. Operations focus on simplifying investment processes and delivering personalized portfolio management solutions within the Indian market.
WealthApp's top competitors include Kristal, Wahed and FundExpert.
WealthApp has 13 investors. Key investors include Jayant Davar, NuVentures, Venk Krishnan, Kota Reddy, and M J Aravind.
The valuation of WealthApp is $6.6M as of Jan 2018.
WealthApp operates through Wealthapp Financial Advisors Private Limited.
The legal entities of WealthApp currently have 2 directors, including Sanjay Havalli Byregowda, Gaurav Dhawan.