🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Ionic Wealth has built $250 million asset base: CEO Subramanian

Economic Times

Economic Times · 7m ago

Ionic Wealth has built $250 million asset base: CEO Subramanian

Ionic Wealth, a wealth management firm linked to Angel One, has swiftly achieved a $250 million asset base within a year. Led by CEO Srikanth Subramanian, it serves 400 clients with a dedicated team integrating technology and human engagement. The firm focuses on scaling operations across various wealth segments in India, combining strategic capital from Angel One and 10 families. The company also holds regulatory licenses and aims to expand its customer base.

Related News

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

Economic Times

Economic Times · 1m 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.

Ionic Wealth targets tier-II, III cities for growth

Economic Times

Economic Times · 4m 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.

India's Bajaj Finserv hikes customer target to 250 million

Economic Times

Economic Times · 2m ago

India's Bajaj Finserv hikes customer target to 250 million

Bajaj Finserv aims to increase its customer base to 250 million within four years, capitalizing on robust growth in India. The company, part of the century-old Bajaj Group, has seen rapid customer acquisition, already reaching 92 million active users across lending, asset management, and insurance sectors. With significant expansion potential, Bajaj Finserv plans to target India's growing middle class, employing AI for customer service and loan processing, while remaining vigilant about economic challenges.

InCred Money secures Rs 250 Cr from marquee investors at $200 Mn valuation

Entrackr

Entrackr · 2d ago

InCred Money secures Rs 250 Cr from marquee investors at $200 Mn valuation

InCred Money secures Rs 250 Cr from marquee investors at $200 Mn valuation InCred Money, the wealth and asset management arm of InCred Group, has raised Rs 250 crore ($30M) from investors including Ranjan Pai, Ram Nayak, Mankind Family Office, MMG Family Office, Ravi Pillai Family Office, and Raj Vattikutti Foundation. According to Entrackr sources, the fresh capital values InCred Money at around Rs 1,650 crore (roughly $200 million). Founded by Bhupinder Singh, InCred Group runs three key businesses: InCred Finance (a retail and MSME-focused NBFC), InCred Capital (wealth and asset management, M&A advisory, capital markets, and broking), and InCred Money. The group positions itself as a tech-driven financial services firm leveraging data science and proprietary risk models. InCred Money offers investment options across unlisted shares, fixed deposits, gold, silver, and more. According to the company’s website, the platform is used by over 1.5 lakh investors. The fresh fundraising comes as InCred Holdings gears up for a public market debut. The parent is preparing for an IPO with a total issue size pegged at $460–560 million, including a Rs 1,500 crore fresh issue and a Rs 300 crore pre-IPO placement. On the financial front, InCred Finance, the group’s lending arm, recorded a 47% year-on-year jump in revenue to Rs 1,872 crore in FY25, while profits rose 18% to Rs 374 crore. InCred Capital had earlier secured $50 million from family offices to expand its wealth and capital markets operations. With this funding, InCred Money becomes part of the growing wave of wealth management startups getting strong investor interest, as more Indians turn to digital platforms to manage their money.

MUFG expands India BFSI basket with investment in Neo Group

VCCircle

VCCircle · 1y ago

MUFG expands India BFSI basket with investment in Neo Group

MUFG, a Japanese banking major, has invested in wealth and asset manager Neo Group as part of its expansion in the Indian BFSI sector. MUFG, along with New York-based investment manager Euclidean Capital LLC, led a funding round of $48 million (Rs 400 crore) in Neo Group. The funds will be used to enhance Neo's wealth management division and support its asset management business. Neo Group, founded in 2021, offers financial advisory services and focuses on credit and real assets. This investment marks MUFG's first foray into wealth management in India.

Vivriti Asset onboards European institutional investor for GIFT City fund

VCCircle

VCCircle · 4m ago

Vivriti Asset onboards European institutional investor for GIFT City fund

Vivriti Asset Management, part of Chennai-based Vivriti Group, has attracted a European impact investor for its GIFT City-based thematic fund, the Vivriti India Retail Assets Fund (VIRAF). The asset management arm has already committed around $650 million across eight funds and is now targeting to raise $250 million for VIRAF. Recently, it secured $20 million in senior debt commitments, underscoring growing international interest in its initiatives.

Why voice-first AI could be India’s edge over Big Tech

Livemint

Livemint · 1m ago

Why voice-first AI could be India’s edge over Big Tech

India's AI Mission, led by CEO Abhishek Singh, is focusing on developing voice-first large language models (LLMs) in Indian languages, distinguishing itself from global tech companies that prioritize text-based AI. The mission has received nearly $250 million in funding across two fiscal years. This initiative aims to leverage India's diversity in languages as a unique asset in the AI field, enhancing the country's competitive edge in technological advancements.

Peak XV invests $35 Mn in wealth and asset management firm Neo

Entrackr

Entrackr · 1y ago

Peak XV invests $35 Mn in wealth and asset management firm Neo

Wealth and asset management firm Neo has secured a $35 million growth investment from Peak XV Partners. The funds will be used to enhance Neo's wealth management business, expand its asset management franchise, and bring in new talent. Neo serves a wide range of clients, including high-net-worth individuals, ultra-high-net-worth individuals, and global institutions. With over $3 billion in assets under advisement, the two-year-old company has established itself as a significant player in the industry.

Saudi-owned Scopely to buy Pokemon Go maker Niantic's game division for $3.5 bn

VCCircle

VCCircle · 6m ago

Saudi-owned Scopely to buy Pokemon Go maker Niantic's game division for $3.5 bn

Niantic Labs is selling its video-game division to Saudi-owned Scopely for $3.5 billion as it shifts focus to geospatial technology, following the unreplicable success of Pokemon Go. The deal boosts Saudi Arabia's gaming hub ambitions, supported by its sovereign wealth fund, Savvy Games. Niantic will spin off its geospatial AI business into Niantic Spatial, led by CEO John Hanke, distributing $350 million to equity holders and funding the new firm with $250 million.

Apple plans to invest more than $250 million to expand Singapore campus

Economic Times

Economic Times · 1y ago

Apple plans to invest more than $250 million to expand Singapore campus

Apple Inc plans to invest over $250 million to expand its operations in Ang Mo Kio, Singapore. The company will upgrade two buildings to expand its regional campus. Apple first entered Singapore in 1981, and now houses over 3,600 employees in the city. Tim Cook, Apple's CEO, expressed pride in the connection the company has built with the Singaporean community. Cook is set to meet with Singapore's prime minister as part of his Southeast Asia tour.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Aug 2025

Build. Comply. Fund. Fly.

Crypto to INR payments app for Indians

Your CV, Done Right.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

GST 'fraud': MNCs gained from fak ...

Exclusive: Lighthouse-backed Duro ...

US tariffs to shear 5-10% off hom ...

Download the medial app to read full posts, comements and news.