About WealthStatus
WealthStatus is a company based in Bengaluru (India) founded in 2018 by Ashok Rawat and Ashish Joshi.. WealthStatus has raised $14.64 thousand across 2 funding rounds from investors including Axilor Ventures and Startup Karnataka. WealthStatus operates in a competitive market with competitors including ClaimSorted, Anipos, Ilmiobrokerassicurativo, Personable Insurance and sureti, among others.
- Headquarter Bengaluru, India
- Founders Ashok Rawat, Ashish Joshi
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Sectors
Financial Services
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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 Wealthstatus Technologies Private Limited
- Date of Incorporation 19 Mar, 2018
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$23.12 K (USD)60.97as on Mar 31, 2020
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Net Profit
$-1.46 K (USD)-617.65as on Mar 31, 2020
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EBITDA
$-22.52 K (USD)-53.94as on Mar 31, 2020
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Total Equity Funding
$14.64 K (USD)
in 2 rounds
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Latest Funding Round
$14.64 K (USD), Seed
Jul 28, 2019
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Investors
Axilor Ventures
& 1 more
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Employee Count
Employee Count
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Funding Insights of WealthStatus
WealthStatus has successfully raised a total of $14.64K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $14.64 thousand completed in July 2019. 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 — $14,643
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Seed - WealthStatus | Valuation | Axilor Ventures |
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| Sep, 2018 | Amount | Grant - WealthStatus | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WealthStatus
WealthStatus has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Axilor Ventures and Startup Karnataka. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in early-stage startups in technology sectors.
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Founded Year | Domain | Location | |
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Support for startups in Karnataka is delivered through policies, funding, and networking services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WealthStatus
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - WealthStatus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wealthstatus Comparisons
Competitors of WealthStatus
WealthStatus 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 ClaimSorted, Anipos, Ilmiobrokerassicurativo, Personable Insurance and sureti, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insurance claims processing is handled via AI-driven solutions.
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| domain | founded_year | HQ Location |
Pet insurance claims are facilitated online through photo submissions.
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| domain | founded_year | HQ Location |
Platform providing digital insurance solutions and risk management services
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| domain | founded_year | HQ Location |
Operations and insurance claims administration solutions
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| domain | founded_year | HQ Location |
App-based claims management platform for policyholders
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about WealthStatus
When was WealthStatus founded?
WealthStatus was founded in 2018.
Where is WealthStatus located?
WealthStatus is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is WealthStatus a funded company?
WealthStatus is a funded company, having raised a total of $14.64K across 2 funding rounds to date.
What is the annual revenue of WealthStatus?
Annual revenue of WealthStatus is $23.12K as on Mar 31, 2020.
What does WealthStatus do?
WealthStatus was founded in 2018 in Bengaluru, India, and operates in the fintech sector. An app-based platform is provided for users to claim unclaimed dividends, dormant bank accounts, insurance policies, deposits, and debentures. Checks for unclaimed bonds, PPF, EPF, and IT refunds are also enabled. The application is available on Android and iOS devices.
Who are the top competitors of WealthStatus?
WealthStatus's top competitors include ClaimSorted, sureti and Renaissance Electronic Services.
Who are WealthStatus's investors?
WealthStatus has 2 investors. Key investors include Axilor Ventures, and Startup Karnataka.
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