India, Feb. 3 -- Finfluencer Sharan Hegde's financial edtech platform The 1% Club has secured registered investment adviser (RIA) licence from the Securities and Exchange Board of India (SEBI).

The licence will allow the startup to offer personalised one-on-one financial planning services to its members, The 1% Club said in a statement.

The startup claims that its "personal CFO division" has a team of 40 people and is managing INR 750 Cr in assets under advisory (AUA).

The startup is now eyeing to expand to major Indian cities. According to The 1% Club, it is planning to capture about 5-10% of India's need of a million financial advisors in the next decade.

"At 1% Club, we want to build trust, credibility, and a lasting legacy for Ind...