StartupFox

Safebox has raised $1.11 million, about ₹10.5 crore, in a seed round led by a family office, with angel investors participating including Sekhar Garisa, managing director at Claypond Capital, investing in a personal capacity. The lead investor has not been named.

The company builds what it calls wealth protection: a single record of a family's financial life, so information about what they own does not sit scattered across institutions, files and one person's memory. It is built on the RBI's Account Aggregator framework, which pulls in bank accounts held across multiple phone numbers, portfolios across multiple PANs, stocks, ETFs, EPF from multiple employers, NPS, insurance and liabilities through consent-based, read-only rails. Every holding is mapped to a nominee, so families can see which designations are current and which are years out of date, and a spouse or relative can be given access to locate what they need in an emergency.

The idea came from a near-fatal accident involving two of the founders. The question that followed, as they describe it, was administrative rather than dramatic: if they had not survived, would their families have even known what they owned. They went looking for a product that answered it and could not find one.