INDIA > Hong Kong based Steadview Capital is set to invest an estimated $30 million on India based IndWealth, an artificial intelligence and machine learning-based wealth management and advisory platform

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IndWealth which is an artificial intelligence and machine learning-based wealth management and advisory platform is founded by the famous Ashish Kashyap who founded the travel company Ibibo Group which was acquired by peer MakeMyTrip for an estimated $2 billion two years ago.

IndWealth, which is still in stealth mode is his second entrepreneurial venture. IndWealth will offer a slew of services to high net worth and ultra-high net worth individuals offering customers investment planning, tax analytics and tax savings strategies, help manage their future cash flows and liabilities, built on proprietary technology, and underpinned by artificial intelligence and machine learning.

According to Kashyap:

“The key learning is, managing money cannot be done through a single dimension. It can’t just be done through investments. It has to be done through a combination of investment, liabilities and taxation. We want to play a very important part of the consumer’s financial life.”

The platform is expected to launch in Google Play Store and iOS App Store in January next year and the company is also expected to have dedicated financial counselors that will advise and work with its users.

Finzoom Investments is the parent company of IndWealth and is registered in Gurgaon, Delhi, India.

About Steadview Capital

Headquartered in Hong Kong, Steadview Capital operates as an asset manager and provides advisory services to institutional investors, high net worth individuals and family offices.

About Finzoom

Founded in 2018, Finzoom Investment Advisors Pvt. Ltd develops and operates a financial advisory platform. Headquartered in Gurgaon India, Finzoom uses artificial intelligence and machine learning to allow users to manage investments, liabilities, future cash flow, and taxation.