Startup Atlas

OpenQ Acquired

Mumbai Founded 2018 openq.in ↗

OpenQ is a Mumbai-based smart-beta wealth management platform founded in 2018 by Sujit Modi, offering investment strategies and portfolio construction advice; acquired by PhonePe for about $25 million in May 2022 to expand into wealth tech.

UndisclosedTotal funding (tracked)
0Funding rounds
Last round

OpenQ: Funding Rounds

No funding rounds tracked for OpenQ yet.

Acquisitions

DateAcquirerAcquiredAmountSource
18 May 2022 PhonePe OpenQ Undisclosed source

News on OpenQ

No coverage of OpenQ linked yet.

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FAQs on OpenQ

What does OpenQ do?

OpenQ is a Mumbai-based smart-beta wealth management platform founded in 2018 by Sujit Modi, offering investment strategies and portfolio construction advice; acquired by PhonePe for about $25 million in May 2022 to expand into wealth tech.

Where is OpenQ headquartered?

OpenQ is headquartered in Mumbai, India.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: tracxn.com web.archive.org · Last verified 7 Sep 2026. · Report a correction