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Ionic Wealth crosses Rs 5,000 crore AUM, unveils AI-powered agent for wealth managers - The Economic Times

Economic Times

Economic Times · 7m ago

Ionic Wealth crosses Rs 5,000 crore AUM, unveils AI-powered agent for wealth managers - The Economic Times

Ionic Wealth, supported by Angel One, has seen its assets under management (AUM) rise by 33.6% to Rs 5,070 crore in the June 2025 quarter, mainly due to increased demand from ultra-high-net-worth and high-net-worth individuals. The firm has also introduced an AI-powered tool named ‘Ionic Agent’ to enhance wealth management. Serving over 1,000 clients, Ionic Wealth is expanding amid the growing affluent demographic in India, leveraging AI for more transparent and accessible financial advising.

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Ionic Wealth targets tier-II, III cities for growth

Economic Times

Economic Times · 9m ago

Ionic Wealth targets tier-II, III cities for growth

Ionic Wealth is focusing on expanding into tier-two and tier-three cities, where high-net-worth individuals are shifting from traditional savings to financial assets. The firm is targeting these underserved markets with a hybrid model combining technology and human advisory to enhance customer experience. Since rebranding from Angel One Wealth, the company has raised Rs 290 crore and manages Rs 3,800 crore in assets, aiming to further grow its presence beyond metro areas.

InCred Holdings files draft prospectus with Sebi through confidential route - The Economic Times

Economic Times

Economic Times · 3m ago

InCred Holdings files draft prospectus with Sebi through confidential route - The Economic Times

InCred Holdings has confidentially filed a draft prospectus for an IPO with Sebi, aiming to raise Rs 4,000–5,000 crore. Founded by Bhupinder Singh, InCred operates in lending, wealth, and investment services. The IPO will include a fresh issue and an offer for sale, with a pre-IPO placement of around Rs 300 crore. The move comes as multiple fintechs prepare for public listings in India, highlighting a surge in fintech IPOs.

ET Health Conclave 2025 celebrates excellence in healthcare with thought leadership and a felicitation ceremony

Economic Times

Economic Times · 7m ago

ET Health Conclave 2025 celebrates excellence in healthcare with thought leadership and a felicitation ceremony

The ET Health Conclave 2025, held at Grand Hyatt, Gurugram, and powered by Havendaxa Pvt Ltd, discussed innovations in healthcare, wellness, and financial literacy. Key sessions highlighted AI, robotics in medicine, genomics, and financial planning for doctors. Discussions also emphasized holistic health with natural therapies and stress management. The event concluded with a felicitation ceremony celebrating excellence in health and wellness, supported by sponsors like Lexus and IONIC Wealth, fostering impactful dialogues on healthcare advancements.

GreyLabs AI raises Rs 85 crore from Elevation Capital, Z47 - The Economic Times

Economic Times

Economic Times · 4m ago

GreyLabs AI raises Rs 85 crore from Elevation Capital, Z47 - The Economic Times

GreyLabs AI, a Mumbai-based speech analytics startup for financial institutions, raised Rs 85 crore (about $10 million) in a funding round led by Elevation Capital. The company has launched its voice AI agent platform to automate customer interactions in banking, including sales and customer service. With over 50 BFSI clients, GreyLabs plans to expand its client base to over 300 institutions and hire regional teams, enhancing its AI-powered contact center operations.

InCred Wealth crosses Rs 1 lakh Cr in AUM within 6 years of launch

Entrackr

Entrackr · 17d ago

InCred Wealth crosses Rs 1 lakh Cr in AUM within 6 years of launch

InCred Wealth has grown to over $10 billion, or more than Rs 1 lakh crore, in assets under management. The Mumbai-based firm reached this scale in six years, which market participants attribute to consistent execution and a strong team across leadership and client-facing roles. InCred links its hiring strength to founder Bhupinder Singh’s track record. Singh spent over two decades at Deutsche Bank before founding InCred in 2016. The unicorn status of InCred Finance in 2023 has further added to the group’s credibility with senior professionals and clients. As per the firm, InCred Wealth now has over 700 relationship managers serving family offices, ultra-high-net-worth individuals, and emerging affluent customers. “Beyond conventional advisory, we have expanded access to global and private-market opportunities for our clients, including curated exposure to late-stage private companies, overseas themes, and alternative strategies,” said CEO Nitin Rao in an interaction with Entrackr. Rao has been with InCred Wealth since its inception in 2020. Highlighting InCred Wealth’s approach, Rao said the firm was built “from the ground up” with the aim of bringing global-quality ideas into Indian wealth management. Alongside its domestic business, InCred Wealth has also built an offshore platform, InCred Global Wealth. “We manage more than $3 billion in assets through teams based in Singapore, Dubai, and London,” Rao said.

Zerodha Fund House hits Rs 8,000 crore AUM: Nithin Kamath - The Economic Times

Economic Times

Economic Times · 5m ago

Zerodha Fund House hits Rs 8,000 crore AUM: Nithin Kamath - The Economic Times

The fund house serves over seven lakh investors across more than 16,000 pincodes, according to its website. Earlier this January, it had reported an AUM of Rs 4,287 crore, with over four lakh unique investors.

Cadence launches AI agent to speed up computer chip design - The Economic Times

Economic Times

Economic Times · 17d ago

Cadence launches AI agent to speed up computer chip design - The Economic Times

Cadence Design Systems has launched an AI-powered virtual agent to accelerate chip design, reducing the labor-intensive coding process significantly. By creating a "mental model" of chip designs, the tool enhances productivity, crucial for maintaining the U.S.'s technological edge against China. Already utilized by companies like Nvidia, the AI agent can speed up tasks by tenfold, representing a shift from traditional tool licensing to providing virtual engineering assistance. This development highlights the ongoing tech competition between the U.S. and China.

YouTube unveils new AI tools, alliances to spur knowledge, creative economy - The Economic Times

Economic Times

Economic Times · 3m ago

YouTube unveils new AI tools, alliances to spur knowledge, creative economy - The Economic Times

YouTube has introduced new AI-powered tools and partnerships to boost India's creative economy and digital well-being. During the YouTube Impact Summit, a report by Oxford Economics highlighted YouTube's contribution of over Rs 16,000 crore to India's GDP and supporting more than 930,000 jobs. Collaborations with the Indian Institute of Creative Technology and AIIMS aim to enhance creativity and access to credible information. YouTube's initiatives focus on economic growth and empowering entrepreneurs.

Fintech iCapital valued at over $7.5 billion in latest fundraise - The Economic Times

Economic Times

Economic Times · 7m ago

Fintech iCapital valued at over $7.5 billion in latest fundraise - The Economic Times

Fintech company iCapital has been valued at over $7.5 billion following a recent funding round led by T. Rowe Price and SurgoCap Partners, raising over $820 million. The New York-based company, which facilitates access to private-market investments for individual investors and smaller wealth managers, aims to use the funds to enhance technology and data capabilities. iCapital currently manages $945 billion in assets, with $257 billion in alternative platform assets.

Deloitte Unveils ‘Tax Pragya’ AI Platform

StartupTalky

StartupTalky · 2m ago

Deloitte Unveils ‘Tax Pragya’ AI Platform

Deloitte is launching "Tax Pragya," an AI-powered tax research platform, on December 9. Built on over a million court cases and Deloitte’s knowledge base, it aims to dramatically reduce tax research time from hours to minutes for professionals. Initially available to 500 Deloitte clients, it will expand to all 5,000 clients by January. The tool, designed to enhance insight and efficiency in tax processes, plans to eventually offer predictive legal or tax advice.

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