Fintech startup GoalTeller raises $500-K

Bengaluru-based GoalTeller, an automated financial planning startup, has raised pre-Series A funding of USD 500,000 from existing investors, founders, family and friends. With the current capital raised, the company plans to focus on further building the team and ramping up marketing activities. Participants in the funding round included Dr Ranjan Pai (Chairman MEMG), Vivek Banka (Co-founder, GoalTeller), Pankaj Fitkariwala and Himanshu Bhagat (senior professionals from the wealth management industry), Vikas Poddar (Co-founder, Ashirvad Pipes and Principal at Vikas Poddar Family Office),  Prashasta Seth (angel investor and Founder, Prudent Inv Managers) and Harsh Chhaparia (Partner, McKinsey and Co). Other names among the startup's early backers are Rainmatter (Zerodha), Kunal Shah (Founder, Cred), Raghunandan G (ex-founder, TaxiForSure and Founder, Zolve), Vivek Hinduja (Ex-promoter, Gokaldas Exports) and Sousthav Chakravarthy (Founder, Siply). GoalTeller aims to bring financial planning advice across investments, goals and succession planning to every individual in the country with the help of technology and its proprietary algorithms.