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INDmoney is a comprehensive super-finance app that helps consumers save, plan, and invest for themselves and their families. The application has revolutionized US stock investing for Indians by making it simple, low-cost, and accessible by integrating neo-banking integration. It was founded by Ashish Kashyap, a technology entrepreneur who also founded the Ibibo Group (Goibibo, redBus, PayU India) and served asgoogle India's first country head. As a Series-D start-up, INDmoney is supported by renowned global investors like TigerGlobal, Steadview Capital, Dragoneer & Tona Investments. The company has raised $143 Million in funding and has a current valuation of $650 million.
Table of Contents
About INDmoney Company
INDmoney is a mobile app that manages finances in one place.
| Founder: | Ashish Kashyap |
| Founded: | 2019 |
| Office | Gurgaon, Haryana, India |
| Industry | Financial Services |
What does INDMoney do?
INDMoney manages all finances in one place. It provides various types of features such as investment in stocks, SIP in mutual funds, free Demat and trading accounts, direct mutual funds, AI-driven advisory, mini saving, super banking for family, automatic money, mutual fund investments, and many more.
Who are the Founders of INDMoney?
The founders of INDMoney are Ashish Kashyap, Amrita Sirohia, Dhruv Pathak, and Varun Bhatia.
Who is the CEO of INDMoney?
Ashish Kashyap is the CEO of INDMoney
Who are the investors of INDMoney?
Steadview, Tiger Global Management, and Dragoneer Investment Group are some of the notable investors of INDMoney.
How much funding has INDMoney raised to date
INDMoney has secured a total of $159M in funding across 4 rounds. The company began with its first funding round on May 11, 2018.
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What is the current valuation of INDMoney?
The valuation of INDMoney was more than $600 million.
Fast Growth to Grow User Base
When INDmoney started, its main goal was to “grow the business relentlessly.” To achieve this, it used a blitz scaling strategy, which means growing very fast and scaling at incredible speed. The engineering team worked hard to double the service offerings by 2021 and expand its user base. For this, INDmoney needed a strong system for the next explosive growth phase.
Conclusion
INDmoney has grown as one of the comprehensive and innovative platforms for financial management, it helps users to manage their portfolios, plan, save, etc. With Its amazing funding history and backed by lots of investors, it shows its growth and scalability. Their user-friendly experience and easily accessible tools make it one of the best platforms. It helps people transform and manage their financial services.
FAQs
