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Exclusive: Wint Wealth to raise Series B at Rs 700 Cr valuation

EntrackrEntrackr · 2m ago
Exclusive: Wint Wealth to raise Series B at Rs 700 Cr valuation
Medial

Exclusive: Wint Wealth to raise Series B at Rs 700 Cr valuation 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. As per filings, the company plans to utilise the proceeds towards capital expenditure, marketing, and general corporate purposes. Based on Entrackr’s estimates, the wealth management startup is raising fresh capital at a post-money valuation of around Rs 707 crore (nearly $80 million). 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. 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.

Wint Wealth raises Rs 250 Cr in Series B round

EntrackrEntrackr · 1m ago
Wint Wealth raises Rs 250 Cr in Series B round
Medial

Wint Wealth raises Rs 250 Cr in Series B round Debt investment platform Wint Wealth has raised Rs 250 crore (nearly $28 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from existing investors including Eight Roads Ventures, 3one4 Capital, Arkham Ventures, and Rainmatter. Last month, Entrackr had exclusively reported on the company’s Series B round and valuation. Prior to this round, Wint Wealth had raised about $22 million (Rs 173 crore) from investors including Eight Roads Ventures, Zerodha, 3one4 Capital, and Unitary Fund. The company last raised a $17 million Series A round. The proceeds will be used to scale the platform, expand product offerings, and strengthen its credit and compliance infrastructure. Wint Wealth is also expected to deepen partnerships with issuers and improve distribution of fixed-income products to retail investors. Founded in 2020, Wint Wealth allows retail investors to invest in fixed-income products such as corporate bonds, securitized debt instruments, and non-convertible debentures (NCDs) asset classes that were largely limited to institutional investors earlier. The firm operates as a SEBI-registered Online Bond Platform Provider, enabling individuals to access listed bonds digitally. The Bengaluru-based startup has been focusing on building a transparent and regulated marketplace for debt investments, as more retail investors look beyond equities and mutual funds for stable returns. 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. According to data compiled by Entrackr, Indian wealthtech startups raised over $634 million across 51 deals involving 39 startups during 2024 and 2025. However, the sector saw limited large-ticket rounds, with only six deals of $30 million or more.

Wint Wealth revenue jumps 2.6X in FY25; cuts losses by 60%

EntrackrEntrackr · 1d ago
Wint Wealth revenue jumps 2.6X in FY25; cuts losses by 60%
Medial

Bengaluru-based debt investment platform Wint Wealth reported strong financial performance in the fiscal year ended March 2025, as its operating revenue jumped 2.6X and losses narrowed by over 60% to Rs 8.2 crore. The six year-old Wint Wealth recorded an operating revenue of Rs 44.5 crore in FY25 from Rs 17.2 crore in FY24, according to its financial statements filed with the Registrar of companies (RoC). Founded in 2020, Wint Wealth allows retail investors to invest in fixed-income products such as corporate bonds, securitised debt instruments, and non-convertible debentures (NCDs) asset classes. It also provides B2B loans via its NBFC arm Wint Capital. The company primarily earns revenue from interest income on debt securities, including interest income from loans provided through its NBFC arm, Wint Capital, calculated using the effective interest rate (EIR) method. This segment accounted for 69% of total operating revenue and grew 3.9X year-on-year to Rs 30.8 crore in FY25. It also earns fee-based income from financial intermediary services such as facilitating debt investments and bond transactions, which amounted to Rs 9 crore in FY25. The rest of the income came from net gains on trading of debt securities in the secondary market, which accounted for Rs 4.7 crore in the fiscal year ending March 2025. Wint Wealth also earned Rs 2.3 crore interest on current investments and other non-operating sources, which took its total income to Rs 46.8 crore. For the wealthtech firm, employee benefit expenses remained the largest cost component and accounted for 49% of the total cost. This expense grew 25.6% to Rs 27 crore in FY25 and included Rs 4.7 crore of ESOP cost. Interest paid by the firm was another major expense and formed 34% of the overall cost. This expense jumped 4.4X to Rs 18.6 crore in FY25. Other overheads included advertising, legal and professional, and administrative expenses. These pushed the firm’s overall expenditure up by 32% to Rs 54.7 crore in FY25 from Rs 41.5 crore. In the end, the 2.6X jump in operating scale helped the Zerodha-backed firm narrow its losses by over 60% to Rs 8.2 crore in the last fiscal year. On a unit basis, Wint Wealth spent Rs 1.23 to earn one rupee of operating revenue in FY25. As of March 2025, the company reported current assets of Rs 296 crore, including Rs 35 crore in cash and bank balances. Wint Wealth has raised around $60 million, including its most recent Rs 250 crore ($28 million) led by Vertex Ventures with the participation from Eight Roads Ventures, Zerodha-backed Rainmatter, and 3one4 Capital.

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