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Wint Wealth is raising Rs 120 crore (approximately $13.3 million) in its Series B funding round led by Vertex Ventures. This marks the Bengaluru-based startup’s first major fundraise in over three and a half years. Wint Wealth’s board has passed a special resolution to issue 94,047 Series B compulsory convertible preference shares at an issue price of Rs 12,804 each to raise Rs 120 crore or $13.3 million, according to the filings sourced from the Registrar of Companies. Vertex Ventures will lead the round with an investment of Rs 77.52 crore, while Unitary Fund, Eight Roads Ventures, and 3one4 Capital will infuse Rs 18.7 crore, Rs 13 crore, and Rs 8.16 crore, respectively. Zerodha’s incubation arm, Rainmatter, will also participate in the Series B with a Rs 3 crore investment.
The company may raise additional capital as part of the Series B round, which could lead to changes in its valuation and shareholding structure. Post this round, Vertex Ventures will hold a 10.96% stake in Wint Wealth, while 3one4 Capital, Unitary Fund, Rainmatter, and ERVI Technology, an arm of Eight Roads Ventures, will own 8.54%, 8.32%, 2.55%, and 1.84%, respectively, according to the filings. The company was also reportedly in the process of raising $20 million in Series B. Wint Wealth is yet to file its FY25 numbers. In FY24, the company posted Rs 17.2 crore operating revenue with a loss of Rs 18 crore.
About Wint Wealth
Wint Wealth has been co-founded in 2020 by Ajinkya Kulkarni (CEO), Abhik Patel, Shashank Chimaladari, and Anshul Gupta, with Vinay Dubey later joining as CMO; they created an online platform for retail investors to access fixed-income products like bonds, aiming to make debt investments accessible with higher yields than traditional FDs, led by Ajinkya’s vision for financial empowerment. Wint Wealth is a Bengaluru-based financial technology company that operates an online platform for retail investors to access fixed-income investment products like corporate bonds and market-linked debentures. It aims to provide investment options with higher returns than traditional bank fixed deposits but with less risk than public equities.