WealthDesk

Ujjwal Jain founded **WealthDesk**, a quant-driven portfolio technology firm, which was later acquired by **PhonePe** in early 2022. The company’s technology underpins **PhonePe’s share.market** broking platform, launched in August 2023. WealthDesk’s sale reportedly enriched around 60 individuals, including Jain and his team.

May 2026Built To ShareNews article

PhonePe introduces **Share.Market**, a standalone stock broking app under its subsidiary **PhonePe Wealth Broking Pvt. Ltd**. The platform is led by **Ujjwal Jain and Sujit Modi**, co-founders of wealth management firms **WealthDesk** and **OpenQ**. The move expands PhonePe’s financial services beyond payments into equity trading.

Aug 2023YourStoryNews article

PhonePe, backed by Walmart, acquires wealth management platforms WealthDesk and Open IQ. The transaction targets expansion into digital financial advisory services. PhonePe integrates the platforms to strengthen its fintech portfolio.

May 2022The Times of IndiaNews article

PhonePe is acquiring WealthDesk, a Mumbai-based investment technology platform that facilitates portfolio-based investing in stocks and ETFs. The company consolidates advisory, broking, asset management, and wealth management services under a B2B2C model. PhonePe also plans to acquire OpenQ, though details about OpenQ remain unspecified in the article.

May 2022YourStoryNews article