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 11-member team will transition as part of the deal. The focus will be on high net worth individuals (HNI) and emerging HNI segments, as India is expected to see a significant wave of wealth creation over the next decade, which will require stronger wealth management solutions,” one of the people cited above said, requesting anonymity.
The acquisition is expected to help Dhan expand beyond trading into the fast-growing wealthtech segment, particularly in private market investing, portfolio tracking and solutions for affluent investors.
Tandon and Saldanha, along with the Infinyte Club team, are expected to move to Mumbai and lead the wealth management business for Dhan’s parent Raise Financial Services.
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 and Harshil Mathur.
Earlier this year, publicly listed Groww acquired wealthtech platform Fisdom as part of its diversification beyond core broking operations into wealth management, in a transaction valued at about $150 million.
Last year, Dhan entered the unicorn club following a fresh $120 million fundraise, which pushed its valuation to around $1.2 billion, as ET reported earlier.
Previously, Dhan acquired Stratzy in November 2025 for around $4-4.5 million, strengthening its algorithmic investing capabilities.
India’s wealthtech ecosystem attracted more than $100 million in funding from venture capital firms across 2024–25. Despite growing investor interest, many startups in the segment continue to face profitability challenges.
