About WealthDesk
WealthDesk is a company based in Bengaluru (India) founded in 2016 by Yuvraj Thakker was acquired by PhonePe in May 2022. WealthDesk has raised $3.88 million across 2 funding rounds from investors including PhonePe, Florintree and Mathew Cyriac. WealthDesk operates in a competitive market with competitors including iShares and ZyFin, among others.
Associated legal entities of WealthDesk
WealthDesk is associated with 3 registered companies on The Company Check. 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 |
|---|---|---|---|---|---|---|---|
| Phonepe Wealth Broking Private Limited CIN U65990KA2021PTC146954 | Active | 27 Apr 2021 | Bangalore, Karnataka | ₹24.4 Cr | 154 | 8 | View details |
| Wealth Technology & Services Private Limited CIN U74999KA2016PTC173993 | Amalgamated | 01 Jun 2016 | Bangalore, Karnataka | ₹5.3 Cr | 16 | 4 | View details |
| Phonepe Limited CIN U67190KA2012PLC176031 | Active | 18 Dec 2012 | Bangalore, Karnataka | ₹8,388 Cr | 7,645 | 12 | View details |
Apps and channels of WealthDesk
its YouTube channel WealthBaskets has 657 subscribers and 30 videos.
Videos from WealthDesk
The most watched videos on WealthDesk's YouTube channel, WealthBaskets (657 subscribers). Click a video to play it here.
More on WealthBaskets.
Funding Insights of WealthDesk
WealthDesk has successfully raised a total of $3.88M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.2 million completed in June 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 $3.88M
- Total Rounds 2
- Last Round Seed — $3.2M
- First Round $681,552
(Jan 2021)
- Investors Count 23
All 2 funding rounds of WealthDesk 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 |
|---|---|---|---|---|---|
| Jun 2021 | $3.2M | Seed | $19.07M | Florintree | |
| Jan 2021 | $681,552 | Angel Round | $11.19M | Rahul Doshi, Rahul Doshi |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2021 | $19.07M | •••••••• |
| Jan 2021 | $11.19M | •••••••• |
Last known valuation $19.07M (Jun 2021). 24 investors in total: 2 institutional and 22 angel.
Investors in WealthDesk
WealthDesk has secured backing from 24 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include PhonePe, Florintree and Mathew Cyriac.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Privat equity firm | 2010 | florintree.com | Mumbai, India | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | phonepe.com | Bengaluru, India | |
MC Mathew Cyriac | Angel investor, ex-Blackstone India head, co-founder Florintree Advisors | – | unknown_01aa8f7672504cbd8 | - |
EM Elizabeth Mathew | - | – | unknown_0fdb97de413b446d9 | - |
EM Elizabeth Mathew | - | – | unknown_f62cc4245ece47959 | - |
RD Rahul Doshi | Angel investor and entrepreneur, founder of Nudge, focused on fintech and consumer tech. | – | unknown_e8d09611267140dea | - |
SJ Sudhir Jain | - | – | unknown_9c8d7e7f22964a9e8 | - |
SJ Sanjay Jain | Angel investor, ex-UIDAI Chief Product Manager, fintech and tech enthusiast | – | unknown_9a6dfb722da140608 | - |
AA Anubhav Agarwal | Angel investor and entrepreneur, focused on tech startups in India. | – | unknown_603596be87a540429 | - |
PM Parita Maniar | - | – | unknown_3810e3edb3a34916a | - |
Investor details for WealthDesk
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 WealthDesk
The boards of the 3 registered companies of WealthDesk currently have 16 directors; the longest-serving is Rahul Chari Vardha, appointed in 2016. 36 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rahul Chari Vardha DIN 03052804 | Whole-time director | 26 Apr 2016 | 10 yrs 5 mo | Phonepe Limited |
| Nilesh Datta Naik DIN 09047303 | Whole-time director | 27 Apr 2021 | 5 yrs 5 mo | Phonepe Wealth Broking Private Limited |
| Leigh Douglas Hopkins DIN 09002888 | Nominee Director | 06 Jan 2023 | 3 yrs 9 mo | Phonepe Limited |
| Rohit Bhagat DIN 02968574 | Director | 06 Jan 2023 | 3 yrs 9 mo | Phonepe Limited |
| Meenakshi Sharma DIN 10372988 | Company Secretary | 19 Jun 2023 | 3 yrs 3 mo | Phonepe Wealth Broking Private Limited, Wealth Technology & Services Private Limited |
| Ujjwal Jain DIN 07463259 | CEO | 01 Sep 2023 | 3 yrs 1 mo | Phonepe Wealth Broking Private Limited |
| Atreyee Maitra DIN 10365870 | Whole-time director | 27 Oct 2023 | 2 yrs 11 mo | Wealth Technology & Services Private Limited |
| Sai Prakash Manchikanti DIN 08704072 | Director | 24 Nov 2023 | 2 yrs 10 mo | Phonepe Wealth Broking Private Limited |
| John David Rainey Jr DIN 10464085 | Nominee Director | 24 Jan 2024 | 2 yrs 8 mo | Phonepe Limited |
| Donna Catherine Morris DIN 07177193 | Nominee Director | 24 Jan 2024 | 2 yrs 8 mo | Phonepe Limited |
| Tarun Bajaj DIN 02026219 | Director | 24 Jan 2024 | 2 yrs 8 mo | Phonepe Limited |
| Sameer Nigam DIN 02292840 | CEO | 06 Mar 2024 | 2 yrs 7 mo | Phonepe Limited |
| Adarsh Nahata DIN 08068545 | CFO | 18 Sep 2024 | 2 yrs | Phonepe Limited |
| Manish Mahendra Sabharwal DIN 00969601 | Director | 21 Nov 2024 | 1 yr 10 mo | Phonepe Limited |
| Sujit Modi DIN 03172024 | Whole-time director | 09 Dec 2024 | 1 yr 10 mo | Phonepe Wealth Broking Private Limited |
| Zarin Bomi Daruwala DIN 00034655 | Director | 23 May 2025 | 1 yr 4 mo | Phonepe Limited |
People of WealthDesk
1 people are tracked at WealthDesk (1 in leadership).
| Name | Role | Group |
|---|---|---|
Yuvraj Thakker | Co-Founder | Leadership |
Complete people profiles for WealthDesk
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 WealthDesk
Figures of Phonepe Wealth Broking Private Limited, the primary company behind WealthDesk, for FY 2024. Revenue was ₹24.44 Cr (+124% year on year).
- ₹24.44 CrRevenue · FY 2024 · +124% YoY
- ₹1,210 CrPaid-up capital
- 154Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Phonepe Wealth Broking Private Limited are on its company page.
Detailed financial statements for WealthDesk
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 WealthDesk
5 dated milestones of WealthDesk across 6 years, from founding to its latest funding, stage changes and deals.
- Founded WealthDesk is founded.
- Funding First funding round of $682K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $3.2M.
- Exit Acquired by PhonePe.
Competitors of WealthDesk
WealthDesk 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 iShares and ZyFin, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ishares.com | 2000 | San Francisco, United States | $100,000 | – | Provider of solutions for exchange-traded funds | |
| zyfin.com | 2011 | Mumbai, India | – | – | Provides information on key economic indicators for informed decision-making. |
Detailed competitors of WealthDesk
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.
Web traffic of WealthDesk
The website of WealthDesk (wealthdesk.in) receives about 1.3K visits a month.
- Monthly visits1.3K
▼ 28.3% vs previous month
Websites whose visitors overlap most with WealthDesk. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| boimf.in | 100% | 178.4K | #267,750 | View details | |
| orowealth.com | 96% | 7.6K | #2,285,283 | View details | |
| gettogetherfinance.com | 86% | 248.5K | #186,264 | View details | |
lakshmishree.com | lakshmishree.com | 86% | – | #530,864 | – |
| gripinvest.in | 86% | 469.4K | #138,141 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for WealthDesk
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 11 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Wealthdesk
Complete news archive for WealthDesk
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 WealthDesk
10 companies that operate in the same segment as WealthDesk (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 WealthDesk
WealthDesk was founded in 2016 and raised its 1st funding round 5 years after it was founded.
WealthDesk is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
WealthDesk is a funded company, having raised a total of $3.88M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $681.55K, raised on Jan 2021.
WealthDesk was founded in 2016 in Bengaluru, India, as a fintech platform focused on exchange-traded funds (ETFs). An online and mobile app interface is offered to users for selecting funds based on risk appetite, investing specified amounts, and tracking performance. Services include fund deposits and withdrawals, systematic investment plan (SIP) setups, and portfolio management tools, all operated within the Indian market.
WealthDesk has 24 investors. Key investors include PhonePe, Florintree, Mathew Cyriac, Elizabeth Mathew, and Elizabeth Mathew.
The valuation of WealthDesk is $19.07M as of Jun 2021.
WealthDesk is associated with 3 legal entities: Phonepe Wealth Broking Private Limited, Phonepe Limited, Wealth Technology & Services Private Limited.
Yes. WealthDesk was acquired by PhonePe in May 2022.
The legal entities of WealthDesk currently have 18 directors, including Nilesh Datta Naik, Ujjwal Jain, Sujit Modi and others.