New Delhi, Oct. 27 -- Estate planning and inheritance platform WillJini has raised its first external round from a group of SPJIMR batchmates, close friends and some of its own channel partners, following three years of operating without institutional capital. The company, founded by Jugal Popat, Rahul Shah and Jatin Popat said the capital will be used to expand its advisory team, improve its technology infrastructure and enter new geographies.

The fundraise comes after WillJini grew its monthly revenue from around Rs.3 lakh to Rs.50 lakh while remaining bootstrapped. Unlike the conventional startup fundraising route, where venture capital is often pursued early in a company's growth cycle, the company said it was approached by people wi...