Trackk, a trading app, is in talks to raise $8 million in a round led by Z47 (formerly Matrix Partners India), while wealth management platform Zomint is looking to close a $3-4 million round backed by Lightspeed Venture Partners and Prime Venture Partners, according to people familiar with the matter.
Founded in 2021 by Vedant Gupte, Aryan Jain, and Siddharth Thakkar, Trackk also offers analytics tools and AI-led insights. The startup has raised about $1.7 million till date from MGA Ventures, GSF Ventures, GNP Group, Paras Defence, and angel investors.
ETtechZomint offers personalised investment advice. The Gurugram-based startup was founded in 2025 by former Pine Labs and Flipkart executive Aman Mittal and former Kotak Mahindra Bank executive Shavir Bansal, who also run the social media channel Bekifaayati, on financial education.
These funding negotiations come at a time when Bengaluru-based Sahi, a trading app founded by ex-Swiggy CTO Dale Vaz, closed a $33 million round led by Accel Growth at a $200 million valuation — buoyed by Groww’s stellar public listing.
In the Groww IPO, Peak XV sold shares via the offer-for-sale (OFS) component and saw 50x returns worth $178 million on its $30-35 million investment. Y Combinator and Ribbit Capital V saw 28.9x and 43.4x returns, respectively.
Early bets of these investors in Groww have inspired others to invest in early-stage fintech startups, say industry experts.
Emailed queries to Z47, Lightspeed Venture Partners, Prime Venture Partners, Zomint, and Trackk went unanswered.
While Zomint has a network of Sebi-registered wealth advisors to help users plan and manage their investments, Trackk is being built primarily as a trading platform, to compete with the likes of Groww and Zerodha.
Trackk received Sebi’s nod to offer brokerage services last year, and has opened over 30,000 trading accounts on its platform; about 85% of them are first-time users, according to persons who have evaluated the startup. “The focus will be to onboard more users from tier I and tier II cities, and invest in content-driven marketing strategies,” they said.
“If you can catch investors young, you will be able to influence them in the right direction of saving and investing, and help them in their investment journey as they accumulate wealth,” said Sunitha Viswanathan, partner, Kae Capital, which has invested in fintechs like Snapmint, PowerUp Money, and LoanTap. She added that such startups are democratising access to wealth management through AI-led hyper-personalised offerings.
ET reported in April that the total number of active traders on NSE stood at 4.57 crore at the end of FY26. Groww had the largest chunk of them (1.29 crore), followed by Zerodha (68.9 lakh), and Angel One (67.6 lakh).
