INDmoney raises $75M for its super finance app in India


INDMoney, a wealth management platform, has now secured $75 million in Series D funding round from the Steadview Capital, marquee global investors, Dragoneer investment group and tiger global.

By following this funding round, INDmoney total capital secured stands at around $133 million with an approx value of $120 million.

According to the report which has been revealed, upon the latest funding, INDMoney valuation is around $640 million, which makes it a unicorn.

INDmoney will now be going to use the new funds to create a super baking platform and a one-stop shop for people investments and expenses.

INDmoney was founded in the year 2019. It is an app that helps users to track their investments and expenses while enabling them to set financial goals for themselves. It is a single platform that allows the customers to invest across different instruments like stocks, fixed deposits, bonds and mutual funds.

Executive Opinion

“Steadview has been especially impressed with the INDmoney team’s ambition and execution towards building India’s premier digital bank, redefining how people build financial security with a user-friendly, easy-to-use, mobile-native platform,” said Ravi Mehta, Founder, Steadview Capital.

“The fact that our current investors Tiger, Steadview and Dragoneer are doubling down and new investors are joining, further validates the power of the platform and the strong execution capabilities of the team,” said Ashish Kashyap, Founder, INDmoney.

Tags : INDmoney