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.