Safebox, a wealth protection platform designed to help Indian families track and safeguard their financial assets, has raised $1.11 million (₹10.5 crore) in a seed funding round. A family office led the round, while several angel investors also participated, including Sekhar Garisa, Managing Director, Claypond Capital, who invested in his personal capacity.
The idea for Safebox emerged after a near-fatal accident prompted two of its founders to ask a critical question: if they had not survived, would their families have known what they owned? Following that experience, three childhood friends and serial entrepreneurs came together to build a solution aimed at helping families protect and manage their wealth.
India currently has ₹86,917 crore in unclaimed bank deposits. However, the founders argue that the figure represents a symptom of a much larger problem rather than the problem itself.
According to a written reply in the Rajya Sabha in August 2026, unclaimed deposits transferred to the Reserve Bank of India’s Depositor Education and Awareness Fund reached ₹86,917 crore as of June 30, 2026. State Bank of India alone accounts for approximately one-quarter of this amount.
However, the banking figure covers only deposits. Insurance and mutual fund data follow separate reporting frameworks maintained by IRDAI and SEBI, with different reference dates and definitions. As a result, India currently lacks a single consolidated view of household assets across financial institutions.
That gap creates a significant challenge for families. If government systems cannot combine household asset information across three financial regulators, individual families face an even greater challenge when they try to track assets spread across banks, insurers, brokers, EPFO, and other institutions.
Meanwhile, the government and financial regulators have taken several steps to help people recover unclaimed assets. In June 2026, the Department of Financial Services launched the Common Landing Portal for Unclaimed Financial Assets, adding to platforms such as the RBI’s UDGAM, IRDAI’s Bima Bharosa, and SEBI’s MITRA.
These platforms help families search for financial assets they already suspect exist. However, Safebox approaches the issue from a different direction by helping families create a complete record of their financial assets before an emergency occurs.
The platform enables families to build and maintain this financial map while they are together, reducing the need to reconstruct their wealth information during periods of stress, uncertainty, or transition.
Safebox is positioning itself in the emerging Family Wealth Protection category. The platform allows Indian families to track their financial lives across multiple phone numbers, bank accounts, PANs, investment portfolios, stocks, ETFs, EPFs across multiple employers, NPS holdings, and other assets through a single platform.
Additionally, Safebox tracks assets, liabilities, insurance policies, and family information across 55 categories. It also maps nominees to individual holdings and helps spouses or family members locate and access important financial information during emergencies or major life transitions.
The platform also integrates with India’s regulated financial infrastructure, including the Account Aggregator framework. Therefore, Safebox aims to address the growing complexity of household finances through a unified approach to financial record-keeping.
For Indian households between the ages of 35 and 55, managing multiple investments, dependents, and ageing parents can create an increasingly complex financial footprint. Their wealth often spans dozens of institutions, digital accounts, and financial identities. Consequently, Safebox views financial preparedness as a data-management challenge rather than simply a matter of maintaining financial discipline.
The platform has also grown largely through referrals and family invitations. Since June 2026, families using Safebox have recorded more than ₹6,000 crore in assets on the platform, covering cross-asset family holdings with nominee mapping.
“Families in India spend thirty years building wealth and about thirty minutes thinking about whether loved ones could find it. There is ₹86,917 crore lying unclaimed in bank deposits alone, and nobody in this country can tell you about the full number across every asset class. That is not a recovery problem. It is a record-keeping problem. We are not building a way to find lost money. We are building a way to never lose it,” Vijay Veera, Co-Founder and CEO, Safebox.
“India has built excellent infrastructure for creating wealth and almost none for carrying it across a generation. Safebox is one of the few teams approaching this as a data and trust problem rather than a product feature. The founders have built and scaled companies before, and they are building this one with the same discipline,” Sekhar Garisa, Angel Investor (MD, Claypond Capital).
