The company said it plans to utilize the funds to widen investment options and help Indians plan their expenses better. The company said has already crossed 1.5 lakh downloads in the first six months of opening its app access. Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 StoriesThe platform aims to capture the large millennials and Gen-Zers segment, that account for about half the Indian population. Multipl has introduced a new business model and a new category that is definitely going to be adopted in other parts of the world very rapidly," said Ashish Fafadia, partner at Blume Ventures.