Fintech startup Indmoney raises $11-M more as part of Series D round

Mumbai-based wealth management platform IndMoney has raised an additional USD 11 million as part of its Series D round led by Singapore-based Sixteenth Street Capital taking the total round size to USD 86 million. The deal, which valued the company at USD 650 million post-money, saw participation from Lenskart founder Peyush Bansal and Nearbuy co-founder Ankur Warikoo. Founded in 2019, IndMoney allows users to track and organise their finances on a single platform and helps them invest across various financial instruments including mutual funds, fixed deposits, bonds and US stocks. It also helps users with wealth planning. IndMoney has so far raised a total of USD 144 million.