Indian wealth management services startup Minance is seeking to secure 100 crore rupees ($14.4 million) in Series A financing.
Minance is planning to use the proceeds from the round to scale up the business and expand across geographies.
The startup, with about $2.1 million in revenue annually, intends to expand its geographical footprint by opening satellite offices in Hyderabad, Pune, and Chennai.
Additionally, Minance noted that it will also to use the new capital to extend its operations into credit, insurance, and international equities market.