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
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Wealthapp Financial Advisors Private Limited
- Date of Incorporation 22 Jan, 2016
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
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Net Profit
-$1.64 K (USD)96.12as on Mar 31, 2022
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EBITDA
-$1.64 K (USD)86.28as on Mar 31, 2022
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Total Equity Funding
$610.63 K (USD)
in 2 rounds
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Latest Funding Round
$156.97 K (USD), Angel Round
Jan 12, 2018
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Investors
NuVentures
& 12 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 2
- Last Round Angel Round — $156,965
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First Round
First Round
(10 Jul 2016)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Angel Round - WealthApp | Valuation | Jayant Davar |
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| Jul, 2016 | Amount | Seed - WealthApp | Valuation | Kota Reddy , M J Aravind |
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 |
|---|---|---|---|---|
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NuVentures is engaged in venture capital investments for startups.
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Founded Year | Domain | Location | |
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JD
Jayant Davar |
Co-Founder of Sandhar Technologies, prominent angel investor in Indian startups
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Founded Year | Domain | Location |
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VK
Venk Krishnan |
Founder of NuVentures, active angel investor in Indian startups
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Founded Year | Domain | Location |
Investments & Acquisitions by WealthApp
Financial Statements - WealthApp
Wealthapp Comparisons
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 year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based asset management is offered for individual investors.
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| domain | founded_year | HQ Location |
Shariah-compliant investments and savings are offered to individuals.
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| domain | founded_year | HQ Location |
Platform for alternative asset and mutual fund investments is provided.
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| domain | founded_year | HQ Location |
Automated mutual fund investing platform
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| domain | founded_year | HQ Location |
AI-powered investment and financial advisory services are provided.
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| domain | founded_year | HQ Location |
Goal-based investments are enabled via an app-based platform.
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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 10, 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.