<article>WealthTrust has raised seed funding and Danish Microfinance has profitably exited Satin Creditcare.</article>

WealthTrust has raised seed funding and Danish Microfinance has profitably exited Satin Creditcare.
<h3>WealthTrust has raised funding from India Quotient</h3>
Wealth management app <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=WealthTrust" target="_blank">WealthTrust</a> has raised seed funding from <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=India+Quotient" target="_blank">India Quotient</a>.  The amount of funding was not disclosed.
The Mumbai-based startup was founded last year by Nisarg Gandhi, a former ISRO scientist, and Jasmin Gohli. It has a total of six employees.
The app helps users with several options to invest their wealth in, including about 4,000 mutual fund schemes.
<h3>Danish MF exits Satin Creditcare</h3>
Copenhagen-based <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Danish+Microfinance+Partners+K%2FS" target="_blank">Danish Microfinance Partners K/S</a> has partially exited <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Satin+Creditcare+Network+Ltd" target="_blank">Satin Creditcare Network Ltd</a>, the fifth-largest microfinance in the country by gross loan portfolio as per a stock market disclosure.
Danish Microfinance had invested 22.3 crore in the company between 2010-13. It has now sold 3.15 per cent stake for Rs 46 crore, making around five fold returns.
The firm still holds more than four per cent stake in Satin Creditcare, worth about Rs 68 crore.
Also read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/countries/india/" target="_blank">Flipkart’s valuation marked down by yet another investor</a> 
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/countries/india/" target="_blank">HR software startup Darwinbox, video discovery platform PressPlay TV raise funds</a>
<div></div>
&nbsp;

WealthTrust has raised funding and Danish Microfinance has profitably exited Satin Creditcare. WealthTrust has raised funding from India Quotient Wealth man

India Digest: WealthTrust raises funding, Danish MF exits Satin Creditcare

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

India Digest: WealthTrust raises funding, Danish MF exits Satin Creditcare

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief