The Panchkula-based startup received investment from Friends of PadUp, Vinners (Value Investors Network), and SucSEED Indovation Fund.
IntelleWings was founded in 2019 by Pramod Sharma, a developer and architect. He has previously developed banking products for many banks in the US and the UK regions. IntelleWings' EYE is an AML (anti-money laundering) 360 software, which takes care of all AML needs – transaction monitoring, customer screening against global lists, integrated and comprehensive case management solution, and integrated PEP (politically exposed persons check/adverse media check).
PadUp Ventures is knowledge and mentoring platform that has mentored startups in different industry domains by using different technologies like AI, Blockchain, ML, etc. It has also created a group of affiliated investors who regularly invest in PadUp mentee companies. The firm calls itself Friends of PadUp.
Namrata Kaul, ex-MD, Deutche Bank, Corporate Banking, led this round from Vinner's side. Vinners is a group of CXOs of India seeking investment and mentorship opportunities in dynamic, early-stage companies.
SucSEED Innovation Fund is an AIF Cat-1 venture capital angel fund with Rs 100 crore corpus and has already invested in 45+ companies so far.
Singhania & Co. LLP (Advocates and Solicitors) acted as transaction counsel for the deal. The team was led by Partner Rohit Jain along with Associate, Jalaj Mahajan.