Overview

UnClaimedX Private Limited, a Bengaluru‑based fintech and legal‑tech startup, announced the upcoming launch of its flagship digital inheritance platform, Pass Down, aimed at addressing India’s growing inheritance challenge. The company highlighted that ₹1.84 lakh crore of financial assets across banks, insurance firms, provident funds and other institutions remained unclaimed in 2025.

Government Context

The scale of unclaimed wealth prompted the Indian government to start the Aapki Punji Aapka Adhikar campaign on 4 October 2025, with Finance Minister Nirmala Sitharaman urging citizens to reclaim assets that are rightfully theirs.

Founder Insight & Survey Findings

Founder and CEO Sandeep P Gaonkar recounted a personal hospitalisation incident that made him consider how his family would locate his savings and investments if he were to pass away. To gauge the broader awareness, Gaonkar interviewed 86 working professionals, business owners and individuals across age groups. The survey revealed:

  • 50 % had disclosed less than half of their financial assets to family members.
  • 34 % had shared no information at all.
  • Only 19 % had documented their financial information, typically using notebooks, spreadsheets or free note‑taking apps.

Pass Down Platform Features

Pass Down is designed to let Indian citizens securely organise financial assets, important documents and digital credentials in a single repository. Key functionalities include:

  • Assignment of nominees and beneficiaries with granular control over data sharing.
  • A proprietary SAFE Protocol that initiates a structured four‑stage verification before releasing sensitive information to the designated family member.
  • Step‑by‑step guidance for families to discover and claim assets from the respective institutions once verification is complete.
  • Zero‑knowledge encryption architecture, meaning even UnClaimedX cannot view customer data, reinforcing privacy as a core design principle.

Institutional Layer & Future Vision

Beyond the consumer‑facing product, UnClaimedX plans to develop an institutional infrastructure layer that will enable banks, insurers and legal firms to receive verified notifications, thereby reducing fraud and streamlining inheritance and claim processes. The long‑term objective is to shorten claim timelines and lower the volume of assets that remain unclaimed.

Current Status & Funding

The platform is currently in closed beta and is slated for a public launch in July 2026. To accelerate product development, strategic partnerships and market expansion, UnClaimedX is raising a seed round (details of the amount were not disclosed).

Founder Background

Sandeep P Gaonkar brings over 13 years of experience in product, design, sales and marketing, including 5.5 years leading product initiatives at Dhiway, India’s first tokenisation and blockchain‑anchored data‑assurance network. His expertise spans digital trust, data privacy and secure information exchange.