Globalise raises seed round from Whiteboard Capital and others
By Leandra Monteiro
Globalise, India’s first platform for guided global investing, has raised a seed round led by Whiteboard Capital and Credit Saison. Angel investors including Himanshu Kohli, Rohit Jain, Rishi Khanna, and Arjun Lamba also participated in the round. With this fundraise, Globalise plans to continue scaling, develop and enhancing its product offerings and hire more talent.
Viraj Nanda, Co-Founder, and CEO of Globalise said, “Globalise connects clients in India with global resources that help them become financially successful. Our services are designed to ensure that Indian investors get the opportunity to invest in the world’s most innovative companies and buy into emerging global themes while lowering their overall portfolio risk and hedging against the rupee depreciation.”
Globalise enables customers to access international financial markets and gives investors a choice of 5,500+ stocks and exchange-traded funds (ETFs). Customers also can invest in ‘Globes,’ the platform’s curated portfolios constructed with a variety of themes and financial goals in mind.
Globalise also offers financial advisors, wealth managers, and brokers a dedicated platform that helps them manage their clients’ international investments digitally. With this, investors can collaborate with their existing advisors using a cloud-based, integrated digital ecosystem. Globalise has partnered with over 70 wealth managers, financial advisors, and brokers in India to facilitate Indian investors to directly invest in the US markets.
Speaking about the funding, Globalise Chairman Vikas Nanda said, “People of all ages are warming up to the idea of personal finance, wealth management, and financial freedom. They are looking for trusted products and services that will help them achieve their financial goals. Globalise plans to use the investment for advancing our current product portfolio and offering more innovative products that allow Indian investors to enjoy the benefits of borderless finance and for our partners to provide their clients with the most seamless international investing journey.
Anshu Prashar, General Partner at Whiteboard Capital said, “There is a lot of momentum as Indian investors are increasingly looking to diversify their investments globally. The Globalise team is innovating to make this as seamless as possible for customers and financial advisors, and we are excited to be a part of this journey and partner with them on their vision to help Indians achieve financial success with access to the best-in-class global products.”
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