About WealthTrust
WealthTrust is a company based in Mumbai (India) founded in 2015 by Jasmin Gohil and Nisarg Gandhi was acquired by Orowealth in January 2019. It operates as a B2C. WealthTrust has raised $646.98 thousand across 2 funding rounds from investors including LetsVenture, Orowealth and India Quotient. WealthTrust has completed 1 acquisition, including Evensky&Katz/Foldes. WealthTrust operates in a competitive market with competitors including Scripbox, FundsIndia, Kuvera, AssetPlus and Bandhan Mutual Fund, among others.
- Headquarter Mumbai, India
- Founders Jasmin Gohil, Nisarg Gandhi
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
- Legal Name Evolusolve Technologies Private Limited
- Date of Incorporation 21 Sep, 2015
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$2 K (USD)-97.77as on Mar 31, 2020
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Net Profit
$-15.73 K (USD)88.78as on Mar 31, 2020
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EBITDA
$-17.73 K (USD)87.81as on Mar 31, 2020
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Total Equity Funding
$646.98 K (USD)
in 2 rounds
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Latest Funding Round
$267.36 K (USD), Seed
Jan 13, 2018
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Investors
LetsVenture
& 16 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Orowealth
(Jan 08, 2019)
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Funding Insights of WealthTrust
WealthTrust has successfully raised a total of $646.98K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $267.36 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 Seed — $267,357
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First Round
First Round
(18 May 2016)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Seed - WealthTrust | Valuation | India Quotient | |
| May, 2016 | Amount | Seed - WealthTrust | Valuation | India Quotient |
| 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 WealthTrust
WealthTrust has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include LetsVenture, Orowealth and India Quotient. 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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Investment in Indian startups across technology and fintech sectors.
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Founded Year | Domain | Location | |
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Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth
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Founded Year | Domain | Location | |
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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 WealthTrust
WealthTrust has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Evensky&Katz/Foldes. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Financial services are provided by the firm to clients.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - WealthTrust
| 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 |
Wealthtrust Comparisons
Competitors of WealthTrust
WealthTrust 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 Scripbox, FundsIndia, Kuvera, AssetPlus and Bandhan Mutual Fund, 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 |
Platform offering mutual fund investments, financial planning, and wealth growth services
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| domain | founded_year | HQ Location |
Online investment platform for mutual funds and other financial products
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| domain | founded_year | HQ Location |
Mutual fund portfolios are created via an app-based investment platform.
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| domain | founded_year | HQ Location |
Mutual fund investments are enabled via advisor-assisted diversified plans.
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| domain | founded_year | HQ Location |
Online platform for investing in mutual funds
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| domain | founded_year | HQ Location |
Online platform for mutual funds, stock broking, and other investment services.
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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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Latest news on Wealthtrust
Frequently Asked Questions about WealthTrust
When was WealthTrust founded?
WealthTrust was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is WealthTrust located?
WealthTrust is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is WealthTrust a funded company?
WealthTrust is a funded company, having raised a total of $646.98K across 2 funding rounds to date. The company's 1st funding round was a Seed of $379.62K, raised on May 18, 2016.
What is the annual revenue of WealthTrust?
Annual revenue of WealthTrust is $2K as on Mar 31, 2020.
What does WealthTrust do?
WealthTrust a zero-commission wealth management app for users, focusing on finance, managing wealth portfolios, investment apps, and zero commission services. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of WealthTrust?
WealthTrust's top competitors include Scripbox, FundsIndia and AssetPlus.
How many acquisitions has WealthTrust made?
WealthTrust has made 1 acquisition, including Evensky&Katz/Foldes.
Who are WealthTrust's investors?
WealthTrust has 17 investors. Key investors include LetsVenture, Orowealth, India Quotient, Nimesh Kampani, and Badri Sanjeevi.
What is WealthTrust's valuation?
The valuation of WealthTrust is $2.36M as of Jan 2018.
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