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Wealthy Secures INR 130 Crore in Funding to Scale its AI-Powered Platform for Mutual Fund Distributors

StartupTalky

StartupTalky · 6d ago

Wealthy Secures INR 130 Crore in Funding to Scale its AI-Powered Platform for Mutual Fund Distributors

Wealthy, a leading Indian wealth-tech platform for mutual fund distributors, has raised INR 130 crore in a Series B funding round led by Bertelsmann India Investments. The funding aims to scale Wealthy’s AI-driven platform, recruit 50,000 distributors, and expand into Tier 2 and 3 cities. Founded by IIT-IIM alumni, Wealthy combines AI-powered tools with human expertise to enhance wealth management for mutual fund distributors, addressing India’s growing retail wealth market and advice gap.

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ZFunds secures Rs 25 crore from Elevation Capital, PB Fintech’s Yashish Dahiya

Economic Times

Economic Times · 12m ago

ZFunds secures Rs 25 crore from Elevation Capital, PB Fintech’s Yashish Dahiya

Gurugram-based wealthtech startup ZFunds has raised INR 25 crore in equity funding led by Elevation Capital. PB Fintech group CEO Yashish Dahiya also participated in the funding round. ZFunds, founded in 2019 by ex-Paisabazaar employees, aims to assist traditional offline distributors of mutual funds to compete with online platforms. Its technology platform enables distributors to track asset performance, suggest new products, and provide research and insights. The funding will be used to scale up the distribution network and enhance technical capabilities.

Wealthy raises Rs 130 Cr led by Bertelsmann India Investments

Entrackr

Entrackr · 7d ago

Wealthy raises Rs 130 Cr led by Bertelsmann India Investments

Wealth-management platform Wealthy has raised Rs 130 crore ($14.5 million) in a new funding round led by Bertelsmann India Investments. Its existing investors Shepherd’s Hill Group and Alpha Wave Global also participated. The proceeds will be used to expand Wealthy’s advisor network, improve its product stack, and increase penetration in new markets. It is also expected to strengthen its technology infrastructure and compliance systems as product categories scale. Founded in 2015, Wealthy operates a digital marketplace for financial products and a distribution platform for advisors. The company enables independent financial advisors to sell mutual funds, insurance, fixed deposits, bonds, and other wealth products through its technology stack. According to the company, its AUM has increased from Rs 200 crore to Rs 5,000 crore over the past three years, reflecting strong business expansion. Wealthy now operates 20 offices across India, with a significant presence in major cities such as Bengaluru, Mumbai, Hyderabad, Ahmedabad, Surat, Jaipur, Gurugram, Delhi, Faridabad, Ghaziabad, Lucknow, Kanpur, and Kolkata. The platform claims to process over Rs 300 crore in monthly transactions and works with more than 6,000 mutual fund distributors serving over 100,000 clients. As per TheKredible, Wealthy’s revenue from operations grew to Rs 25 crore in FY25 from Rs 14.5 crore in FY24. The AWI-backed company recorded a net loss of Rs 35 crore in the last fiscal year, compared to Rs 24 crore in FY24.

Wealth management firm Wealthy raises $14.5 million - The Economic Times

Economic Times

Economic Times · 7d ago

Wealth management firm Wealthy raises $14.5 million - The Economic Times

Wealthy, a Bengaluru-based wealth management startup, raised Rs 130 crore ($14.5 million) in a funding round led by Bertelsmann India Investments. The funds will be used for technology platform upgrades and expansion into new cities. Wealthy supports independent financial advisors by offering a digital platform for distributing financial products like mutual funds and insurance. The company aims to significantly increase its assets under management and grow its network of advisors, highlighting increased investor interest in India’s wealth sector.

Daily Indian Funding Roundup & Key News – 24th November 2025

StartupTalky

StartupTalky · 6d ago

Daily Indian Funding Roundup & Key News – 24th November 2025

On 24th November 2025, India witnessed significant funding activities and business developments. Wealthy secured INR 130 crore in a Series B round to enhance its AI-driven wealth management platform. FAE Beauty raised $2 million for retail expansion, and FinReach obtained INR 21.9 crore to expand its credit-guarantee services. In major business news, TotalEnergies plans to divest a 6% stake in Adani Green Energy, while Apple India reported a net profit of over INR 3,000 Crore in FY25.

Mutual help: AssetPlus and ZFunds receive venture capital support

Economic Times

Economic Times · 1y ago

Mutual help: AssetPlus and ZFunds receive venture capital support

AssetPlus and ZFunds, two Indian startups, are providing technology stacks to traditional offline financial distributors to help them stay relevant in a market where new-generation direct mutual fund distributors like Groww are gaining traction. AssetPlus recently secured Rs 50 crore in institutional funding led by Eight Roads Ventures, while ZFunds is reportedly in talks with Elevation Capital for an equity funding round. The startups aim to support distributors in offering investment advice and products to their clients, tapping into the offline distribution opportunity in India's mutual fund market.

Equity fund inflows rise by 17% to Rs 40,608 crore in June, a fresh high: AMFI data

Money Control

Money Control · 1y ago

Equity fund inflows rise by 17% to Rs 40,608 crore in June, a fresh high: AMFI data

Equity mutual fund inflows in India rose by 17% to INR 40,608.19 crore in June, reaching a new high, according to data from the Association of Mutual Funds of India (AMFI). This follows an 83.42% surge to a record high of INR 34,697 crore in May. Assets under management (AUM) of the mutual fund industry crossed the INR 60 lakh crore level for the first time, standing at INR 61.16 lakh crore in June. However, debt mutual funds saw net outflows of INR 1,07,357.62 crore during the month.

Motilal Oswal MF Dumps 2.8 Cr Zomato Shares; Societe Generale, Goldman Sachs, Others Buy

Inc42 · 1y ago

Motilal Oswal MF Dumps 2.8 Cr Zomato Shares; Societe Generale, Goldman Sachs, Others Buy

Motilal Oswal Mutual Fund sold 2.8 crore shares of foodtech major Zomato in a block deal worth INR 645.8 crore. This move came as Zomato's stock price saw a significant surge. The shares sold by the mutual fund were purchased by institutional investors such as Axis Mutual Fund, Citigroup, Goldman Sachs, and Societe Generale, with the latter buying the highest number of shares for INR 289.7 crore.

Nexus Ventures Sells 1.2 Cr Shares Of Delhivery

Inc42 · 5m ago

Nexus Ventures Sells 1.2 Cr Shares Of Delhivery

Nexus Venture Partners sold 1.2 crore shares of Delhivery for INR 461 crore through block deals. The major buyers included Axis Mutual Fund, Citigroup Global Markets, HDFC, and Tata Mutual Fund, among others. Morgan Stanley Asia Singapore emerged as the largest buyer, acquiring over 47 lakh shares worth INR 184.7 crore. Most shares, 1.02 crore, were sold from Nexus Venture Partners III for INR 395.2 crore, with additional shares sold from Nexus Opportunity Fund.

SEBI scraps transaction charges for mutual fund distributors

YourStory

YourStory · 3m ago

SEBI scraps transaction charges for mutual fund distributors

SEBI has abolished transaction charges for mutual fund distributors, effective immediately. This decision, following public and industry consultations earlier in 2023, ends the practice of asset management companies (AMCs) paying such charges for investments exceeding a specific threshold. Previously, distributors were eligible for charges if they secured a minimum subscription of Rs 10,000. This change aims to simplify distributor compensation and enhance transparency in the mutual fund sector.

LISSUN, Zintlr, Conscious Chemist raise early-stage funding

VCCircle

VCCircle · 1y ago

LISSUN, Zintlr, Conscious Chemist raise early-stage funding

LISSUN, a mental health platform, has secured $2.5 million in pre-Series A funding, bringing its total capital raise to $5 million. The funding, led by RPSG Capital Ventures, will enable the startup to develop AI-driven solutions to address mental health challenges. Meanwhile, Zintlr, a B2B SaaS platform specializing in sales intelligence, has raised INR 7.5 crore in seed funding. The AI-powered buyer intelligence platform plans to use the funds to scale its team, expand its market presence, and develop new product verticals. Lastly, Conscious Chemist, a skincare brand, has raised INR 12 crore in funding from Atomic Capital, aiming to enhance product development and expand its digital footprint.

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