Wint Wealth Raises ₹250 Crore in Series B: Scaling Retail Fixed Income Infrastructure for India’s Next Phase of Wealth Creation

Wint Wealth’s recent ₹250 crore ($28M) Series B round, backed by 3one4 Capital and led by Vertex Ventures, with participation from existing investors including 8 Roads Ventures and Zerodha, marks a significant step in the maturation of India’s retail fixed-income market. 

The round reinforces a long-held belief that fixed income, when built with the right systems, governance, and investor education, can become a core pillar of household portfolios rather than a peripheral asset class. At its scale, Wint is now the market leader in this emerging category.

India’s household investing landscape is entering a phase of structural rebalancing after years defined by equity-led participation and deposit-driven savings. As retail investors mature and portfolios diversify, fixed income is moving from the margins toward the core. 

Yet this transition brings its own complexity. Corporate bonds have long been institutional products, governed by credit assessment, repayment cycles, and regulatory discipline that traditional retail distribution models were not designed to handle. 

Wint was created with a vision to make fixed-income investing accessible to retail investors, at a time when participation in corporate bonds and other fixed-income products was limited, fragmented, and largely unavailable to smaller investors. Today, that vision translates into a product stack that includes access to corporate bond issuances and curated fixed income offerings, alongside adjacent products such as fixed deposits through partner institutions.

Building a Retail Bond Platform

3one4 Capital partnered with Wint early in its journey, backing the company soon after its founding in 2020 by Ajinkya Kulkarni, Abhik Patel, Shashank Chimaladari, and Anshul Gupta. 

We believed India’s next phase of wealth creation would require credible fixed-income rails alongside equities – platforms that could translate institutional-grade debt markets into transparent, retail-ready experiences without compromising on compliance or credit discipline.

From that starting point, Wint has steadily built one of India’s most trusted retail fixed income platforms. Operating as a SEBI-regulated Online Bond Portfolio Platform (OBPP), Wint has focused on simplifying discovery, enabling diversification, and anchoring trust through repayment outcomes rather than marketing narratives. The platform experience is designed around clear product-level disclosure, including issuer details, tenor, yield metrics, and key risk factors, so investors can evaluate instruments with greater transparency.

Execution at Scale, Trust Through Outcomes

Wint Wealth’s execution quality is visible in its operating momentum. 

Today, Wint Wealth stands tall with over ₹6,000 Cr (₹60B) in AUM and a community of 9 lakh+ (900K) platform users. 

What’s even more remarkable? Zero defaults and a 100% on-time repayment track record to date. 

The company has achieved market leadership through a strategy of sustainable growth and operating discipline, achieving profitability at the hold-co level while delivering persistent ARR growth. 

In fixed income, trust is earned through outcomes, and Wint’s ability to deliver at scale positions it as infrastructure rather than a point solution.

At the core is a product stack designed to reduce complexity without compromising credit quality. Products like Wint Basket enable diversification across multiple bonds through a single allocation, reducing complexity for first-time debt investors. Wint Basket is structured to help investors diversify across multiple bond exposures in one allocation, with product rules and portfolio construction designed to reduce concentration risk and simplify decision-making.

Discovery, evaluation, and allocation are integrated into a single workflow, designed to make fixed income repeatable rather than episodic. Across listings, investors can typically compare instruments based on parameters such as security type, issuer profile, maturity profile, and yield to maturity, along with risk disclosures and repayment schedules.

Crucially, Wint’s systems are built around visibility into repayments and regulatory compliance. As ticket sizes broaden and participation grows, governance and risk management are embedded directly into platform workflows. This allows it to scale investor participation without proportional increases in operational complexity.

This includes credit monitoring and investor communication workflows intended to make downside scenarios legible, including what happens in the event of delays, stress, or recovery processes.

Like all fixed income, these products carry risk, including issuer credit risk and liquidity risk. Wint’s approach emphasises asset-backed and risk-calibrated offerings, with disclosure of key terms and structure so investors can make informed choices.

Scaling With Discipline

Today, the scale of execution speaks to this approach:

• ₹8,000 crore+ facilitated on the platform
• 3 lakh+ registered retail investors
• ₹2,000 crore+ in repayments enabled, reinforcing trust through full cycles
• 10x growth in new sign-ups over the past year
• Zero defaults 

Wint’s regulatory-first posture has enabled thoughtful expansion into adjacent offerings, including fixed deposit partnerships and the RBI-approved majority acquisition of Ambium Finserv NBFC, strengthening its ability to grow into market adjacencies. 

These moves are sequenced and compliance-led, leveraging the same trust and governance rails that underpin the core platform. As the product surface expands, clarity on fees, liquidity options, and investor reporting becomes even more important, including how yields are presented, what charges apply, whether and how investors can exit before maturity, and what statements and tax documents are issued to investors.

Backing India’s Retail Fixed Income Leader

Wint Wealth’s journey reflects a broader transition in India’s wealth ecosystem. As retail investors become more sophisticated, the opportunity is no longer defined by access alone, but by systems that can support long-term participation. Corporate bonds, once perceived as opaque and inaccessible, are increasingly becoming viable portfolio components when delivered through transparent, education-led platforms.

That transparency must extend beyond access to include product-level specifics such as instrument type, tenor, yield methodology, fees, liquidity conditions, and tax and reporting treatment.

Our partnership with Wint was rooted in the conviction that India’s next phase of wealth creation will require credible fixed-income rails alongside equities. As household portfolios mature, platforms that combine governance, education, and execution will define how new asset classes are adopted at scale. 

Today, Wint represents that vision at work. Its progress underscores how retail bond markets are built through disciplined execution, regulatory alignment, and investor trust rather than short-term growth optimisation. 

At 3one4 Capital, we are proud to have partnered with Wint Wealth as it builds the infrastructure underpinning the next chapter of retail fixed income in India. 

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