Wint Wealth raises around $15 million in funding led by Eight Roads Ventures
- ByStartupStory | May 20, 2022
Wint Wealth, the debt investor aggregator has raised nearly $15 million in its new funding round led by its new as well as existing investors. The Bengaluru-based company has raised funding from its Series A round which came four months after its seed round. The company has also passed a resolution of allotting 8,753 Series A CCPS at an issue price of Rs 1,28,044.76 per share to raise a total of Rs 112 crore.
Eight Roads Ventures has led the new funding round with Rs 70 crore whereas other investors like Billion Brains, 3one4 Capital, Blume Ventures and Unitary Fund, among others. Wint Wealth has been valued at $ 70 million post allotment post-Series A.
The two-year-old company founded by Ajinkya Kulkarni, Abhik Patel, Shashank Chimaladari and Anshul Gupta helps the retail investors to purchase debt instruments like bonds and targets Rs 1,500 crore Assets under Management (AuM). It has also raised a seed round in January from Zerodha’s Rainmatter Capital, Kunal Shah, Ankur Warikoo and various others.
After the round, Eight Roads acquired a 13% stake in the company followed by 3one4 Capital and Unitary Fund holding 7.01% and 6.50% stake respectively. Wint Wealth remained a pre-revenue staged company having Rs 70 lakhs in the financial year ending in March 2021. The company has close competition with brands like LegalPay, Grip Invest and Pyse.
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