FundraiseSep 22, 2026, 04:10 UTC

India's Definedge raises $2.3M to scale its wealth-tech platforms

What's the deal? Pune-based fintech and brokerage startup Definedge has raised US$2.99M, taking its total funding to date to US$4.07M. The round drew continued backing from Nitin Agarwal and D. Prasad, alongside new investors Anant Jain and Sachin Kasera.

What's the endgame? Founded in 2021 by Prashant Shah and Rajesh Badiye, Definedge runs a wealth-tech ecosystem of more than 14 platforms — including Opstra, Zone, Algostra, Momentify and Gurukul — spanning trading, investing, research and learning tools for retail users.

Where's the money going? Definedge will spend the funds on infrastructure and low-latency execution, scaling its flagship Zone and Opstra products, and building Algostra into a no-code retail algo-trading platform. It also plans to turn Momentify from a systematic investing tool into a full wealth-creation platform.

Why now? The startup says its user base has grown 125% over the past 14 months and 10-fold over 36 months. It is targeting US$679M in assets under management through Momentify within 24 months, up from the US$135.8M it has already crossed.

The signal: Indian fintech startups raised about $2 billion across 106 rounds in the first half of 2026, up 42% year-on-year. In wealth-tech, Definedge is chasing scale behind larger players such as Groww, Zerodha, Angel One and Upstox, while newer entrants like Sahi — which raised $33 million this year — court first-time investors.