Infinyte.Club, a wealth creation and management platform designed for tech and startup employees, has secured $3.6 million in a funding round led by Elevation Capital.
The funding round also attracted investments from notable angel investors, including Kunal Shah, founder of Cred; Vidit Aatrey, cofounder of Meesho; Gaurav Munjal, cofounder of Unacademy; Harshil Mathur, cofounder of Razorpay; among others. The capital will be directed towards advancing the platform’s technology and expanding its team.
Founded in 2023 by Ankita Tandon and Joylita Saldanha, the Bengaluru-based platform enables users to track their assets, manage equity portfolios, and utilize their stock options. During its private beta phase, the platform successfully closed over 40 primary and secondary deals.
Infinyte.Club was motivated by the observation that while many individuals are building remarkable tech startups, they often lack access to investment opportunities within these companies. Historically, private equity and startup investment opportunities have been reserved for those with exclusive connections. The platform aims to democratize access to these opportunities.
Looking ahead, the startup plans to attract more investors and broaden its range of asset classes, with a goal of reaching 100,000 customers in the current financial year.
Vaas Bhaskar, principal at Elevation Capital, emphasized that Infinyte.Club’s mission aligns closely with the emerging trends in India’s startup ecosystem. With the country’s potential for significant wealth generation through startups and tech enterprises, there is an increasing demand for platforms tailored to the needs of founders and operators.
