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.
- Headquarter Bengaluru, India
- Founders Yuvraj Thakker
- 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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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 Total Funding
- Total Rounds 2
- Last Round Seed — $3.2M
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First Round
First Round
(18 Jan 2021)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Seed - WealthDesk | Valuation | Florintree | |
| Jan, 2021 | Amount | Angel Round - WealthDesk | Valuation | Rahul Doshi , Rahul Doshi |
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 |
|---|---|---|---|---|
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Privat equity firm
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Founded Year | Domain | Location | |
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Payment, financial, investment, and lending services are provided digitally.
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Founded Year | Domain | Location | |
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MC
Mathew Cyriac |
Angel investor, ex-Blackstone India head, co-founder Florintree Advisors
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Founded Year | Domain | Location |
Investments & Acquisitions by WealthDesk
Financial Statements - WealthDesk
Wealthdesk Comparisons
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 18, 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.