Join our Waitlist for Expert Advice!

MoneyPlanned Raises Over INR 2.5 Crore Seed Fund The funds raised will be utilized towards marketing and user acquisition, deepening the tech infrastructure and expanding the tech and business teams

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

MoneyPlanned, fintech platform, has raised over INR 2.5 crore in a Seed funding round led by Inflection Point Ventures. The round also saw participation from expert Dojo, Joseph R Saviano (partner at Dot Capital, Newyork), Sameer Khan (executive director corporate treasury, DBS Bank, Singapore) along with a clutch of other strategic angel investors. The funds raised will be utilized towards marketing and user acquisition, deepening the tech infrastructure and expanding the tech and business teams.

"Thousands of urban millennials are using MoneyPlanned to plan & invest towards their financial goals. Our mission is to create the best platform for automating financial fitness (with our patented tech) and to enable unparalleled access to a modern ecosystem of financial products and services," Sameer Shashank Gattupalli, founder and CEO, MoneyPlanned.

Founded in 2020 by certified investment planners, Sameer Shashank Gattupalli (founder and CEO) and Nikhila Putcha (co-founder and chief growth officer), MoneyPlanned is a fintech platform helping over 100,000 millennials automate their financial goals. With their unique technology, they are democratizing access to comprehensive financial management and hyper-personalizing financial planning for millions of people in the middle-class segments.

"India has a large base of salaried people with more youngsters joining the workforce every year. Financial planning is not a luxury anymore but a necessity, that's one of the biggest learning from the Covid pandemic. Thus, from a market opportunity perspective, MoneyPlanned's platform is built to offer a personalised service at scale. At IPV, we invest in businesses that have the ability to scale while maintaining a healthy business matrix," said Vinay Bansal, founder and CEO, Inflection Point Ventures.

As per reports, India's fintech market stands at $400 billion and with over 84 million salaried employees the sector is only expected to grow further, with people looking to grow their wealth. The industry today stands at over $150 billion market for Robo-advisory and online financial products and is expected to grow at 26 per cent CAGR and with 87 per cent adoption rate and is projected to hold a value of $480 billion by 2025.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Side Hustle

At 16, She Started a Side Hustle While 'Stuck at Home.' Now It's on Track to Earn Over $3.1 Million This Year.

Evangelina Petrakis, 21, was in high school when she posted on social media for fun — then realized a business opportunity.

Business News

Remote Work Enthusiast Kevin O'Leary Does TV Appearance Wearing Suit Jacket, Tie and Pajama Bottoms

"Shark Tank" star Kevin O'Leary looks all business—until you see the wide view.

Health & Wellness

I'm a CEO, Founder and Father of 2 — Here Are 3 Practices That Help Me Maintain My Sanity.

This is a combination of active practices that I've put together over a decade of my intense entrepreneurial journey.

Growing a Business

Why 'Founder Mode' is Not a One-Size-Fits-All Solution to Leadership

The founder-driven approach can boost a business's growth, but transitioning from "founder mode" to a balanced leadership style is essential for sustained success and scaling.

Growing a Business

PR vs. Marketing — Which One Delivers Better ROI for Your Business?

PR builds trust and credibility over time, while marketing drives short-term sales through targeted campaigns, making both essential for business success, depending on goals and budget.

Business News

San Francisco's Train System Is Still Run on Floppy Disks. It May Finally Get an Upgrade.

Officials approve a $212 million plan to replace its wildly outdated train control system.