Wealthtech startup Infinyte.Club raises $3.6 million led by Elevation Capital, angels

Bengaluru-based wealthtech startup Infinyte.Club has raised $3.6 million in a seed funding round led by Elevation Capital.

Notable angel investors participated in the round, including Kunal Shah (Founder of CRED), Vidit Aatrey (Co-founder of Meesho), Gaurav Munjal (CEO of Unacademy), Sanket Shah (CEO of InVideo), Varun Dua (Founder of ACKO), and Harshil Mathur (Co-founder of Razorpay).

What does Infinyte.Club do?

Co-founded in 2023 by Ankita Tandon and Joylita Saldanha, Infinyte.Club is dedicated to creating and managing wealth for tech workers and startup employees.

The platform enables tracking assets, managing equity portfolios, and unlocking stock option value. During its beta phase, it has facilitated over 40 deals, offering private equity and ESOP solutions.

Purpose of fundraising

Infinyte.Club plans to use the raised capital to expand its technology infrastructure and grow the team for further growth.

"In the next 3–5 years, we aim to establish a comprehensive ecosystem that not only facilitates the realisation of equity value but also provides cutting-edge financial tools and exclusive investment opportunities," the co-founders said.

Infinyte.Club's growth

Infinyte.Club claims to have closed over 40 primary and secondary deals during its beta phase.

“Our product is designed to grow with our members, who are the brightest and brightest minds in the country. We believe that this group of intelligent investors needs products that match their level of creativity and acumen. We want to ensure that these talented individuals, who have played a key role in building the startup landscape, are fully equipped to leverage their contributions to this evolving technology landscape and realize their wealth ambitions,” the founders added.

Aiming to attract more investors

Infinyte.Club now aims to attract more investors and expand its range of asset classes. The startup targets reaching around 100,000 customers in this financial year. 

Commenting on the investment, Vaas Bhaskar, principal of Elevation Capital, said, "Infinyte.Club's mission is intricately aligned with the burgeoning trends in India's startup ecosystem. With the nation poised for substantial wealth generation through startups and tech enterprises, there's a pressing demand for dedicated platforms that cater to the unique needs of founders and operators.”