VC Fund Investments
B2C debt investment marketplace Wint Wealth raises $15-M led by Eight Roads
Bengaluru-based debt investment aggregator platform Wint Wealth has raised nearly USD 15 million in a Series A round from new and existing investors. Wint Wealth would allot 8,753 series A CCPS at an issue price of INR 1,28,044.76 per share to raise INR 112 crore (USD 15 million). Eight Roads Ventures spearheaded the new round with INR 70 crore (USD 9 million). Billion Brains, 3one4 Capital, Unitary Fund, Blume Ventures, AngelList, JJ Beshara Angel and Better Advisor also joined the round. Wint Wealth has been valued at around INR 540 crore (USD 70 million). After this round, Eight Roads Ventures will own a 13% stake in Wint Wealth, followed by 3one4 Capital and Unitary Fund which control 7.01% and 6.50% holdings respectively. Wint Wealth helps retail investors buy debt instruments like bonds. It will use fresh proceeds on capital expenditure, marketing and general corporate purposes. It raised a seed round from Zerodha's Rainmatter Capital, Kunal Shah, Vaibhav Domkundwar, Ankur Wariko and several others in January 2022.
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