Funding · Financial Services

Safebox raises $1.11 million in seed funding round

By Startup Enthusiast · 9 September 2026

Date: 9 September 2026
Company: Safebox
What it does: Wealth protection and asset tracking platform
Kind: Funding
Amount: $1.11 million
Stage: seed
Sector: Financial Services

What they do

Safebox provides a platform for Indian families to consolidate, track, and protect financial assets like bank accounts, stocks, and insurance across 55…

What happened

The startup raised $1.11 million in a seed round led by a family office with participation from angel investor Sekhar Garisa

Why it matters

The company plans to use the capital to enhance its product features and expand its distribution through corporate partnerships and customer acquisition

The details

Safebox secured $1.11 million in a seed round of funding.
The investment round was led by a family office.
Angel investor Sekhar Garisa also participated in the funding round.
The company will use the funds to improve product capabilities and user experience.
Capital will also support the expansion of distribution networks and corporate tie-ups.
Safebox officially launched to the public in June 2026.

The bigger picture

India currently lacks a consolidated view of household assets across different financial regulators.
Unclaimed bank deposits in India reached ₹86,917 crore as of June 2026.
Safebox distinguishes itself as a proactive asset mapping tool rather than a reactive search tool for lost assets.

About the business

Safebox helps families track financial life across bank accounts, stocks, ETFs, EPFs, and NPS.
The platform covers 55 categories of assets, liabilities, and insurance information.
It integrates with India's Account Aggregator framework to pull financial data.
The service maps nominees against holdings to ensure family members have visibility.
The platform targets users aged 35 to 55 managing complex family finances.
Growth is driven primarily by word-of-mouth and family referrals.
The company operates as a SEBI-registered Investment Adviser.

What happens next

Strengthen product features and integrations.
Accelerate distribution through corporate tie-ups.

The deal

Type: funding

Investors

Sekhar Garisa (angel) — Managing Director at Claypond Capital, investing in a personal capacity.

Founders

Vijay Veera, Co-Founder and CEO
Vignesh Rengasamy, Co-Founder and CPTO
Rajesh Sankarappan, Co-Founder and COO

About Safebox

Customers: Indian families seeking to organize and consolidate information about their dispersed wealth and assets
How it makes money: Software platform enabling families to catalog and manage wealth across investments, properties and assets
What sets it apart: Building India's first family wealth protection and organization category

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