Bengaluru: Wealth management platform IndMoney has raised an additional $11 million as a part of its ongoing funding round, led by Singapore-based Sixteenth Street Capital. With this, the company has closed its ongoing fundraise at $86 million, valuing it at $650 million post-money.

The startup, which is valued at about $600 million in the new round, is working to raise another $10 million from a fund, Kashyap said. The startup today allows its users to invest in mutual funds, bonds as well as stocks. The startup, which works with banks and non-banking financial institutions, is planning to further expand its product stack to offer lending and card to customers, he said. Founded in 2019, INDmoney started its journey as a wealth management app.

Indmoney Closes $86 Million Funding, Valued At $650 Million

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Indmoney Closes $86 Million Funding, Valued At $650 Million

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