Founded in 2023 by Tandon and Joylita Saldanha, Infinyte Club allows users to access private market investment opportunities and address ESOP liquidity challenges for early employees. The company has raised over $3.6 million in funding from investors such as Elevation Capital, along with angel investors including Kunal Shah, Vidit Aatrey, Gaurav Munjal, and Harshil Mathur.
The acquisition could plug a key gap in Raise’s ecosystem by adding access to private markets and ESOP liquidity solutions, areas not fully addressed by . Infinyte Club’s offering allows Raise to move beyond public market investing and strengthen its play in wealth management, especially for startup employees and high-growth company stakeholders.
Competitor Groww recently acquired wealth-tech firm Fisdom for about $150 million. Dhan has also boosted its tech offerings, launching AI models like ‘Fuzz’ and ‘Artham’. The wealth management sector in India is highly regulated by , requiring strict compliance for investment advice, research, and trading activities. Integrating two different platforms and cultures poses execution challenges, especially with Infinyte Club’s niche focus.
India’s wealth management market is expected to grow significantly, with an estimated $1.6 trillion AUM opportunity between FY24 and FY29, as wealth increases and more people invest in financial assets.
