Advertisement
Monday, Nov 29, 2021
Outlook.com
Outlook.com

Fmr Blackstone exec Cyriac invests in Wealthdesk, firm raises $3.2 mln

Fmr Blackstone exec Cyriac invests in Wealthdesk, firm raises $3.2 mln
outlookindia.com
1970-01-01T05:30:00+0530
Mumbai, Jun 24 (PTI) Investment technology platform Wealthdesk on Thursday said former co-head of private equity major Blackstone in India, Mathew Cyriac, has invested an undisclosed amount in the company in his personal capacity.

With this investment, the company has raised USD 3.2 million in a pre-series A round, which had also seen fundraising earlier this year from individual investors including senior leaders from global banks, market participants, and other top corporates, as per an official statement.

In the past six months, the company has doubled the number of advisors and research partners, and brokers on its platform to 20 and 30 respectively, and continues to onboard 3-5 partners every month, it said.

“I am very excited about Wealthdesk because the company''s growth is being powered by the trifecta of strong vision, unparalleled domain knowledge, and industry-leading tech capabilities and they are building a strong ecosystem,” Cyriac was quoted as saying in the statement.

“We believe there exists a ''100 million investors'' opportunity in India, and Mathew''s guidance will enable us to seize this opportunity effectively,” the company''s founder and chief executive Ujjwal Jain said. PTI AA SHW

SHW


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

More from Website

IND Vs NZ, First Test, Day 5 Live Cricket Scores: India 9 Wickets Away From Green Park Win, Can Spinners Strike?

IND Vs NZ, First Test, Day 5 Live Cricket Scores: India 9 Wickets Away From Green Park Win, Can Spinners Strike?

Day 5 of the first India vs New Zealand Test is tantalisingly poised. India need nine wickets and New Zealand 280 runs. Follow here live cricket scores and updates of IND vs NZ.

Omicron Virus: What We Know And Don't Know About The New Covid-19 Variant So Far

Omicron Virus: What We Know And Don't Know About The New Covid-19 Variant So Far

Omicron was designated as a “variant of concern,” by WHO on Friday after South African scientists identified a new version of the coronavirus that they say is behind a recent spike in Covid-19 infections in the country.

Ramkumar Ramanathan Wins Maiden ATP Challenger Tour Singles Title In Manama

Ramkumar Ramanathan Wins Maiden ATP Challenger Tour Singles Title In Manama

Ramkumar Ramanathan, who had lost six ATP Challenger finals in his career before, beat Russia's Evgeny Karlovskiy 6-1 6-4 in 68 minutes to claim his singles maiden title.

More from Outlook Magazine

Of Protests, Heart Attack And Success: 74-Year-Old Farmer Recalls Her Journey From Amritsar To Singhu

Of Protests, Heart Attack And Success: 74-Year-Old Farmer Recalls Her Journey From Amritsar To Singhu

A 74-year-old woman from Amritsar narrates how she braved social prejudice, bitter cold and a heart attack to stay put at Singhu border with other protestors.

Dissent Is A Work Of Art

Dissent Is A Work Of Art

As a medium of ethical intervention, art has been pivotal in conveying messages of recent protests to the masses

From Arab Spring To Anti-Covid Stir, How The World Is Protesting

From Arab Spring To Anti-Covid Stir, How The World Is Protesting

Democracy is straining at the seams as authoritarian governments across the world lock horns with citizens.

Advertisement

Outlook Newsletters

Advertisement
Advertisement