Ashish Kashyap, who founded travel booking firm Ibibo Group, has launched a new fin-tech start-up named INDwealth, a company statement said. INDwealth has raised $30 million (around Rs 219 crore) from Hong Kong-based hedge fund Steadview Capital, in what is perhaps the largest funding round for a yet-to-be-launched start-up. The start-up will commence operations from January next year. Run by Gurugram-based Finzoom Investment Advisors Pvt. Ltd, the firm is a financial advisory platform that will use artificial intelligence and machine learning to allow users to manage their investments, liabilities, future cash flows and taxation. The company is also in the process of building a team of certified finance counsellors across India that will be dedicated to each user family. The start-up will offer its services on the web and as an Android and iOS app, the statement added. Ravi Mehta, Founder of Steadview, said in the statement: “Globally, this space has seen some innovative applications of tech, especially artificial intelligence and machine learning, combined with human touch to change the way wealth is managed for individuals. Further, the scope of wealth management is no more restricted to the top of the pyramid. We see a massive opportunity for technology to democratise wealth management in India across income levels.”