Wealthtech’s new funding wave; Blinkit freezes new launches
Investors are pouring fresh capital into wealthtech startups as demand for financial products grows. This and more in today’s ETtech Top 5.
Wealthtech startups are attracting significant investment as financial product usage among retail and affluent investors expands in India. Micro-savings, fixed-income, and wealth management ventures are receiving fresh capital. Stable Money aims to close a $75 million round, while Grip Invest seeks $20 million, Bachatt targets $25-30 million, and Nexedge Capital raised $20 million.
Retail investors are channeling Rs 1,500-2,000 crore monthly into corporate bonds, more than doubling in FY26. The affluent investor pool is expected to grow from 4-5 lakh to 20-25 lakh over the next decade.
Growth platform Groww will focus on technology, wealth management, and artificial intelligence at its first annual general meeting since listing, with capital expenditure allocated to technology infrastructure, cloud capacity, cybersecurity, and data systems. Blinkit, the quick commerce unit of Eternal, will halt new product launches from August 31 to November 10 to handle high warehouse utilization during the festive season.
This practice is not unique to Blinkit, as multiple sellers and brands have delayed listing items on quick commerce platforms during Diwali due to platform-imposed pauses.
Bengaluru-based aerospace startup Airbound has raised $37 million in a funding round led by Greenoaks, DoorDash, Lachy Groom, Lightspeed, and Humba Ventures. The capital will be used to expand aircraft engineering, commercial-scale manufacturing, and go-to-market efforts. The company will also benefit from a new commercial deployment deal with the Andhra Pradesh government to build a drone delivery network linking Amaravati, Vijayawada, and Guntur.
Electric motorcycle manufacturer Matter has raised $25 million from existing investors, including Helena, Capital 2B, Japan Airlines, Translink Innovation Fund, and the Shakopee Mdewakanton Sioux Community. The round brings the company's total funding to approximately Rs 1,000 crore, and it plans to launch four new models. Meanwhile, the Indian IT industry faces challenges as AI disrupts its labor-intensive business model, with companies reshaping senior talent and forming AI-focused units.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
