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

News on Medial

Related News

PowerUp Money raises $12 Mn in Series A round led by Peak XV

EntrackrEntrackr · 2m ago
PowerUp Money raises $12 Mn in Series A round led by Peak XV
Medial

PowerUp Money raises $12 Mn in Series A round led by Peak XV PowerUp Money, a mutual fund advisory wealthtech platform, has raised $12 million in a Series A funding round led by Peak XV with participation from existing investors Accel, Blume Ventures, and Kae Capital. The round also saw continued backing from 8i Ventures and DevC, and came just six months after the company raised $7.2 million in seed funding. The proceeds will be utilized to strengthen its research and advisory capabilities, scale PowerUp Elite, launch PowerUp Infinite, and invest in financial literacy and investor education initiatives, PowerUp Money said in a press release. Founded in 2024 by Prateek Jindal, PowerUp Money aims to build a research-led, zero-commission mutual fund advisory platform to make high-quality, unbiased investment advice accessible to millions of Indians at a fraction of traditional costs. As a SEBI-registered Registered Investment Advisor (RIA), the platform ensures that recommendations remain fully aligned with investors’ long-term wealth creation goals. According to the Bengaluru-based startup, its app enables users to review their mutual fund portfolios free of cost and assess portfolio health and performance. The startup’s flagship offering PowerUp Elite delivers personalized mutual fund advisory directly through the app for an annual fee of Rs 999. The subscription covers fund selection, portfolio reviews, rebalancing, asset allocation, and end-to-end portfolio guidance backed by institution-grade research. The company plans to launch PowerUp Infinite, a fully managed investment advisory product offering dedicated 1:1 advisory, goal planning, and personalized investment strategies delivered in a transparent and unbiased manner. Together, PowerUp Elite and PowerUp Infinite will form a comprehensive advisory stack, spanning app-first personalized guidance to fully managed wealth solutions led by expert advisors. Within eight months of launch, PowerUp claims to have onboarded over 5 lakh users and is currently tracking more than Rs 65,000 crore in assets, indicating strong early user engagement with the platform. PowerUp Elite has also onboarded over 25,000 paid members. Over the next three years, it aims to onboard 10 million users, deepening its role in shaping the future of retail wealth management in India.

PowerUp Money raises $7.1 Mn from Accel, Blume and others

EntrackrEntrackr · 8m ago
PowerUp Money raises $7.1 Mn from Accel, Blume and others
Medial

PowerUp Money raises $7.1 Mn from Accel, Blume and others. Wealthtech startup PowerUp Money has raised $7.1 million in its first institutional funding round, led by Accel, Blume Ventures, and Kae Capital, with participation from 8i Ventures and DeVC. The proceeds will be used to strengthen its research team, build new advisory products, and scale customer acquisition efforts. Founded in April by Prateek Jindal, ex-cofounder of Uni Cards, PowerUp Money helps users manage their finances with tools like "Power Age," which shows when they can achieve financial freedom and how much they need to save. It offers direct mutual fund investments with advisory support to retail investors via its mobile platform. The startup is rolling out both free and paid subscription models. According to the company, Power Mutual Funds is already tracking over Rs 3,000 crore (~$350 million) in assets across more than 25,000 customers, with strong growth month on month. Originally incubated within Uni Cards, PowerUp has now been spun off as an independent venture, following the funding round. As per sources, Jindal has been working on the new venture since October 2023.

Stable Money raises $25 Mn led by Peak XV at $175 Mn valuation

EntrackrEntrackr · 2d ago
Stable Money raises $25 Mn led by Peak XV at $175 Mn valuation
Medial

Stable Money raises $25 Mn led by Peak XV at $175 Mn valuation Wealthtech startup Stable Money has raised $25 million at a valuation of $175 million in a pre-Series C funding round led by Peak XV Partners, with participation from Z47 (formerly Matrix Partners), RTP Global, and Fundamentum Partnership. The Bengaluru-based startup had previously mopped up $40 million from Fundamentum Partnership Fund, Matrix Partners, RTP Global, Lightspeed India, and others. The proceeds will be used to strengthen its core platform, expand access to complementary savings products, and scale its team across key functions. Stable Money, co-founded in 2022 by Saurabh Jain and Harish Reddy, is a fixed income investment platform that enables individuals to earn stable and secure returns through fixed deposits, bonds via Stable Bonds, and other low-risk instruments. It provides a digital platform where users can compare, invest in, and manage fixed income products. The company plans to deepen direct partnerships with banks and NBFCs, both established and emerging, to widen customer choice, enable smarter rate discovery, and drive innovation. It is also strengthening its on-ground presence in key cities across India to build deeper, face-to-face relationships with customers. Stable Money claims that over 40 lakh users have chosen its platform to invest more than Rs 5,000 crore across fixed deposits, Stable Bonds, and other secure instruments. For the fiscal year ending March 2025, Stable Money reported operating revenue of Rs 104 crore, compared to just Rs 1.3 crore in FY24, while its losses increased to Rs 44.8 crore from Rs 12.8 crore during the same period. As per data compiled by Entrackr, Indian wealthtech startups raised over $634 million across 51 deals involving 39 startups during 2024 and 2025.

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