Ashish Kashyap, a serial entrepreneur known for his groundbreaking ventures, is set to transform the wealth management industry with INDwealth. Steadview Capital has invested $30 million in this wealth-tech platform, which will launch in January 2019. INDwealth leverages AI and machine learning to offer comprehensive wealth management services, targeting affluent and high net-worth individuals.
Kashyap’s entrepreneurial journey began with the founding of Ibibo Group in 2007, including services like Goibibo and redBus, which he later acquired and served as CEO. Post the acquisition of Ibibo by MakeMyTrip in 2016, he ventured into fintech, further establishing his prowess.
The Genesis of INDwealth
Founded in June 2018, INDwealth aims to democratize wealth management by integrating AI and machine learning. The platform will serve as a one-stop solution for managing investments, liabilities, cash flows, and taxation. “Managed wealth in India is under-penetrated at less than 10 percent. The intersection of AI and machine learning with finance combined with the fact that managed wealth is an under-penetrated sector represents a large opportunity,” says Kashyap.
Ventures and Achievements
- Ibibo Group: Launched in 2007, it included Goibibo, a leading travel booking platform, and redBus, India’s largest bus ticketing service.
- PayU India: Co-founded in 2011, it became a leading payment service provider.
- INDwealth: A full-stack wealth-tech platform, launching in January 2019, aims to simplify wealth management through technology.
Personal Encounters and Professional Impressions
I first met Ashish during the launch of the BW Marketing white book. His intelligence and drive were immediately apparent. We connected over technological discussions during the expansion of Goibibo and the launch of RedBus. His insightful advice was invaluable for my own venture, #LikeaBoss. Our interactions always left me inspired by his visionary approach and relentless pursuit of innovation.
A Vision for the Future
Ashish Kashyap’s latest venture, INDwealth, is poised to revolutionize the wealth management industry in India. By leveraging cutting-edge technology and a deep understanding of market needs, Kashyap continues to demonstrate his ability to create impactful, user-centric solutions. As Ravi Mehta of Steadview Capital puts it, “Ashish is a proven entrepreneur who has demonstrated his ability to successfully solve structural industry problems using technology.”
Ashish Kashyap’s entrepreneurial journey is a testament to his innovative spirit and unwavering commitment to solving complex industry challenges. From the success of Ibibo Group to the promising future of INDwealth, Kashyap remains a trailblazer in the world of technology and finance.
