WillJini raises first round at $3.5M valuation, without pitching a single VC
WillJini raises first round at $3.5M valuation, without pitching a single VC Estate-planning startup WillJini grew from Rs 3 lakh to Rs 50 lakh in monthly revenue over three years using client money, before raising from SPJIMR batchmates, friends, and its own channel partners. Less than 1% of I
WillJini secured its first external funding round without approaching any venture capital funds, raising $3.5 million in a post-money valuation. The startup, which has been operating since 2013 and grew from Rs 3 lakh to Rs 50 lakh in monthly revenue over three years, has now reached a valuation of $3.5 million. The investors in this round are WillJini's own channel partners, including SPJIMR MBA batchmates, close friends, and mutual fund distributors who sell the company's services to end clients and chose to invest in the company as well.
Jugal Popat, co-founder of WillJini, attributes the success of the investment to the size of the opportunity and the investors' familiarity with the founders. Priyesh Sampat, a Mumbai-based wealth advisor who invested in WillJini, highlights the massive market opportunity, the problem worth solving, and the founders' personal connection as reasons for his investment.
The fresh capital will be used to expand WillJini's awareness efforts, advisory team, and technology infrastructure, taking the company deeper into the markets it already serves across 480 cities and 32 countries.
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