INDWealth Raises $30M

Indian wealth technology startup INDWealth  has announced a $30m funding round from Steadview Capital.

The emerging financial advisory platform – with plans to launch in Jan. 2019 – will leverage AI to allow users to manage their investments and set financial goals. “Managed wealth in India is under-penetrated at less than 10 percent. Intersection of AI and machine learning with finance combined with the fact that managed wealth is an under-penetrated sector, represents a large opportunity. As a consumer, there are several gaps and problems that I have experienced first hand in the wealth management industry. Having identified the solutions, we are looking forward to solve the same by use of technology and by delivering a transparent, simple and intelligent user experience via IndWealth.in.” – Founder Ashish Kashyap.