Funding News: Wint Wealth Eyes Rs 700 Crore Valuation in Series B Funding Round

Company: Wint Wealth

Founders: Ajinkya Mukund Kulkarni, Shashank Chimaladari, Abhik Jitendr Patel, Anshul Gupta and Vinay Dubey

About us: Wint Wealth is a Bengaluru-based wealth management startup focused on digital wealth solutions for investors. The company provides tools and services to manage investments efficiently and aims to simplify wealth management for retail and HNI clients.

Founded Year: 2020

Office: Bengaluru, India

Sector: Fintech / Wealth Management

Funding Round: Series B

Investors: Vertex Ventures (Lead), Unitary Fund, Eight Roads Ventures, 3one4 Capital, Zerodha’s Rainmatter

Wint Wealth is raising Rs 120 crore (about $13.3 million) in its Series B funding round at a post-money valuation of nearly Rs 707 crore. The round is led by Vertex Ventures and marks the Bengaluru-based wealth management startup’s first major fundraise in over three and a half years.

According to regulatory filings, Wint Wealth’s board has approved the issuance of 94,047 Series B compulsory convertible preference shares at Rs 12,804 per share. Vertex Ventures will invest Rs 77.52 crore as the lead investor. Existing backers Unitary Fund, Eight Roads Ventures, and 3one4 Capital will also participate, contributing Rs 18.7 crore, Rs 13 crore, and Rs 8.16 crore, respectively. Zerodha’s Rainmatter will add Rs 3 crore to the round.

Website: https://www.wintwealth.com/