Pune-based EarnWealth, a social commerce fintech startup, has raised Rs 3.5 crore ($500,000) in equity in Pre Series A funding round led by a few Pune-based angels at a valuation of Rs 50 crore, the company said.
Started by Rajesh P Nair in 2014, EarnWealth creates micro-entrepreneurs, called Mahalakshmi, in financial services.
The company said it plans to expand its Mahalakshmi micro-entrepreneurs’ network, introduce more products and partner with more financial institutions with the funding.
