Synopsis
Founded in 2023 by Ankita Tandon and Joylita Saldanha, Infinyte Club offers wealth management tools targeted at startup employees and operators, including access to private market investment opportunities and liquidity for employee stock ownership plans (Esops).Founded in 2023 by Ankita Tandon and Joylita Saldanha, Infinyte Club offers wealth management tools targeted at startup employees and operators, including access to private market investment opportunities and liquidity for employee stock ownership plans (Esops).
The acquisition is expected to help Dhan expand its presence in the fast-growing wealthtech segment and build offerings beyond trading, particularly in private market investing, portfolio tracking and high-net-worth investor solutions.
Dhan and Infinyte Club did not comment on the deal.
Tandon and Saldanha, along with the Infinyte Club team will move to Mumbai and run the wealth management business for Dhan’s partner Raise Financial.
Publicly listed Groww acquired wealthtech startup Fisdom last year in a $150 million all-cash deal.
In August 2024, Infinyte Club raised $3.6 million in a funding round led by Elevation Capital, with participation from angel investors including Kunal Shah, Vidit Aatrey, Gaurav Munjal, Harshil Mathur and others.
ET reported in October that Dhan parent Raise Financial has closed a $120 million (Rs 1,000 crore) financing round led by Hornbill Capital, valuing the company at around $1.2 billion (Rs 10,000 crore).
