Founded in 2020, fundgini is a global marketplace for dealmakers like investors, startup founders, fund seekers, among others
fundgini’s platform uses AI-based deal matching and personalised AI bot social media integration for pushing the right deals to the stakeholders
Launched in 2013 by Mahavir Lunawat and Madhu Lunawat, Pantomath operates as a merchant banking provider and recently forayed into fintech space
Pantomath Financial Services Group on Tuesday (July 25) said it has acquired a 75% stake in global deal-making marketplace fundgini.com for an undisclosed amount.
Founded in 2020 by Shashank Pradhan, fundgini is a global marketplace for dealmakers like investors, startup founders, among others. Its platform uses AI-based deal matching and personalised AI bot social media integration for pushing the right deals to the stakeholders.
Fundgini claims that over 50,000 individuals belonging to the global startup ecosystem interact on its platform to discuss various deals, including debt financing, equity funding, and mergers and acquisitions.
To facilitate easy dealmaking, fundgini offers features like deal rooms, video pitches, web series, and awards.
Commenting on the acquisition, Pantomath’s MD Mahavir Lunawat said, “In the next phase, the Pantomath team will focus on strengthening the platform, creating more awareness about this platform in the ecosystem, help investors and fund seekers to network and accelerate the deals seamlessly, and increase overall deal volume and momentum.”
Pantomath, founded in 2013 by Mahavir Lunawat and Madhu Lunawat, claims to be one of the fastest-growing merchant bankers backed by fund management and distribution verticals.
The Mumbai-based financial services group recently expanded into wealth management, fintech, stock broking, and distribution by acquiring a stake in Asit C Mehta Financial Services Limited.
The latest development comes at a time when mergers and acquisitions are on the rise in the Indian startup ecosystem amid the funding winter. While the enterprisetech sector led the M&A charts in H1 2023, fintech was at the second position.
The Indian startup ecosystem houses over 4,200 funded fintech startups. The size of the country’s fintech market is expected to soar to $2.1 Tn by 2030 as per Inc42 data.
