Elevation Capital led the seed investment round for wealthtech startup Infinyte.Club, which raised $3.6 Million.
Many angel investors, including CRED founder Kunal Shah, Meesho cofounder Vidit Aatrey, Unacademy CEO Gaurav Munjal, invideo CEO Sanket Shah, ACKO founder Varun Dua, and Razorpay cofounder Harshil Mathur, participated in the round.
The Bengaluru-based business intends to grow its staff and enhance its technology stack with the additional funding.
The beta edition of Infinyte.Club, which is intended for wealth creation and administration for tech and startup personnel, has been formally released.
The portal helps early workers of well-known Indian businesses with their ESOP (employee stock ownership plan) liquidity issues and provides access to private investment options.
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“Our product is designed to grow alongside our members, who are the smartest and brightest minds in the country today. We believe this group of intelligent investors need products that meet their level of creativity and acumen. We want to ensure that these talented individuals, who have been instrumental in building the startup landscape, are fully equipped to capitalise on their contributions to this burgeoning tech landscape and realise their wealth ambitions,” said Infinyte.Club’s cofounders Ankita Tandon and Joylita Saldanha, in a joint statement.
The website, which Tandon and Saldanha launched in 2023, lets users manage their equities portfolios, track their assets, and discover the value of their stock options. Infinyte.Club says it has concluded over 40 main and secondary agreements during its private beta period.
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It democratises access to assets and equity on the private market, which are typically held by the wealthiest 1%. By providing ESOP holders with liquidity solutions, it closes the gap for investors by providing a portfolio of private firm equities. Currently, the platform monitors ESOPs worth over $150 million.
About Infinyte.Club
Infinyte.Club, goal is to produce a million millionaires and establish a new global order in which the wealth contained in employee stock options plans (ESOPs) is genuine and the early adopters of startups who are working with founders to transform society are honoured and rewarded.
