Tarrakki , an  Ahmedabad-based wealth management start-up, has recently announced to raise an unrevealed amount of funds in its latest Series A financing round. It considered as a major dive for the company to make comprehensive wealth management strategically simpler.

The start-up is a wealth management platform that enables users to strategically invest their income in a various asset classes. As stated in the company’s official website that when a user invests his money in Tarakki, the money will be invested in Nippon India Liquid Fund. This fund is a well-established name in India and according to the website, the user’s invested money is in Nippon India Liquid Fund and it will give them higher returns than any potential Savings Bank Account or even a Fixed Deposit (FD).

According to a report by Economic Times, the start-up is ready to raise an unrevealed amount in its latest Series A funding round. Sources also recommend that the company is in advance conversation with domestic as well as international investors for raising funds and mounting its operations.

Tarakki , the company is founded back in 2018 by Saumya Shah, deals in mutual funds investments, equity advisory, peer to peer lending and Digital Gold, all of it with ease and simplicity through the Tarakki mobile app.

As mentioned in a report by Times of India, Saumya Shah, founder, Tarakki commented that this fresh combination of funds shall be used by the start-up to begin new products and offer an extensive range of wealth management alternatives to its investors. He added that alternate wealth management also includes digital gold investment as an alternative investment.

Tarakki is the name of the brand whose legal name is ‘Plutonomic Savtech Private Limited’. The brand makes investments exceptionally easy for users without any involvement of long channels of agents. The deal is transparent and completely stress-free when using the Tarakki mobile application.

Shah also says that having worked in the BFSI sector, he saw investors go through various channels such as agents and baking institutions which proved to be overall expensive for them. He added that this is the reason why he launched Tarakki which comes with a transparent approach. With this platform, investors can avoid any unwanted channels which reduce the cost of brokerage and instead avail seamless subscription-based services, he says.

The company caters to Tier-I, Tier-II and Tier- III cities including markets of West Bengal, Delhi NCR, Gujarat and Maharashtra, as reported by Times of India.