Novelty Wealth - About the company
Novelty Wealth is a seed company based in Bengaluru (India), founded in 2024 by Sajal Gupta and Naveen Changoiwala. It operates as an AI powered financial planning and advisory service provider. Novelty Wealth has raised $1.4M in funding from India Quotient, with a current valuation of $*****. The company has 2699 active competitors, including 206 funded and 174 that have exited. Its top competitors include companies like Scripbox, Nutmeg and Dezerv.
Company Details
AI powered financial planning and advisory service provider. It offer financial planning that covers aspect of your wealth, from investments to tax planning to insurance to loan management, all integrated and tailored to goals. It craft bespoke financial solutions designed to meet the needs of you and your family. It help busy professionals make better financial decisions by combining unbiased, fee-only advisory, secure IndiaStack infrastructure, and purpose-built AI - all in one trusted platform. It is built for professionals who want one clear, unbiased view of their entire financial life without noise, mis-selling, or product pushing.
- Website
- www.noveltywealth.in/
- Registered Address
- P NO 224 3RD FL RANKA, JUNCTION 80/3 VIJINAPUR, Krishnarajapuram R S, Bangalore, Bangalore North, Karnataka, India, 560016
Key Metrics
Founded Year
2024
Location
Bengaluru, India
Stage
Seed
Total Funding
$1.4M in 1 round
Latest Funding Round
Post Money Valuation
$***** as on Dec 25, 2025
Investors
Ranked
338th among 2699 active competitors
Annual Revenue
₹6.05L as on Mar 31, 2025
Legal entities associated with Novelty Wealth
Novelty Wealth is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
FW FINTECH PRIVATE LIMITED CIN: U66190KA2024PTC188214 , India, Active | May 04, 2024 | $7.15K (As on Mar 31, 2025) | - |
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Novelty Wealth's funding and investors
Novelty Wealth has raised a total funding of $1.4M over 1 round. Its latest funding round was a Seed round on Nov 19, 2025 for $*****. 2 investors participated in its latest round. Novelty Wealth has 1 institutional investor and 8 angel investors.
Here is the list of recent funding rounds of Novelty Wealth:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 19, 2025 | 2742726 | Seed | 1899561 | 3832737 | 4395937 | 3350998 |
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Novelty Wealth's founders and board of directors
Founder? Claim ProfileThe founders of Novelty Wealth are Sajal Gupta and Naveen Changoiwala. Naveen Changoiwala is the CEO of Novelty Wealth.
Here are the details of Novelty Wealth's key team members:
- Sajal Gupta: Co-Founder of Novelty Wealth. They serve on the board of 1 company.
- Naveen Changoiwala: Co-Founder & CEO of Novelty Wealth. They serve on the board of 1 company.
View details of Novelty Wealth's Founder profiles and Board Members
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Novelty Wealth's Competitors and alternates
Top competitors of Novelty Wealth include Scripbox, Nutmeg and Dezerv. Here is the list of Top 10 competitors of Novelty Wealth, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Platform offering mutual fund investments, financial planning, and wealth growth services | $84M | 78/100 | ||
2nd | Nutmeg 2011, London (United Kingdom), Acquired | Personal finance planning and management platform | $180M | 77/100 | |
3rd | Wealth management platform offering financial planning and advisory service | $100M | 77/100 | ||
4th | Provider of online investment and wealth management services | $48.6M | 74/100 | ||
5th | Diversified of wealth & asset management services | - | - | 72/100 | |
6th |  Farther 2019, New York City (United States), Series C | App-based financial planning and management platform for individuals | $118M | 69/100 | |
7th |  Pontera 2012, New York City (United States), Series C | Tax management solutions for businesses | $160M | 68/100 | |
8th | Ascensus 1980, Dresher (United States), Acquired | Tax-advantaged savings solutions and strategic technology partnerships for financial institutions and governments | - | 67/100 | |
9th | ARM Pensions 2005, Lagos (Nigeria), Acquired | Retirement planning and pension management platform | $50M | 67/100 | |
10th |  Savvy Wealth 2005, United States, Series B | Online wealth management and financial advisory platform for individuals | $106M | 64/100 | |
338th | Novelty Wealth 2024, Bengaluru (India), Seed | AI powered financial planning and advisory service provider | $1.4M | 36/100 |
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Novelty Wealth's Latest cap tables and shareholding
Founders (largest shareholder) own 74.39%, Funds own 24.54% and Angels own 1.07%. The net worth of Novelty Wealth's founders is INR 34.9Cr as of Dec 25, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 74.39% | 34.9Cr | 5494641 | 4956256 | 7536721 | 1879644 |
8747522 | 9523137 | 8469733 | 1739390 | 6889548 | 3548464 | |
1158067 | 6690632 | 8238428 | 6754558 | 9406058 | 7258361 | |
Fund | 24.54% | 11.5Cr | 3601524 | 9111836 | 7481555 | 4393071 |
7341628 | 5839199 | 6197956 | 9898139 | 8614431 | 6563897 | |
Angel | 1.07% | 50L | 2 | 1 | 6 | 8 |
0 | 0 | 0 | 0 | 0 | 0 | |
Total | 100.00% | 46.9Cr | 5874973 | 4035056 | 8228616 | 7096789 |
To unlock detailed Cap Table of Novelty Wealth Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Novelty Wealth's Shareholding
Novelty Wealth's Investments and acquisitions
Novelty Wealth has made no investments or acquisitions yet.
Reports related to Novelty Wealth
Here is the latest report on Novelty Wealth's sector:
News related to Novelty Wealth
Media has covered Novelty Wealth for 1 event in last 1 year.
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