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VCGuy

Believe me, it’s not... • 9m

Wealth management startups in India seem to be gaining significant traction. In the past few weeks - - Dezerv raised $32 M from Premji Invest, now valued at $210 M - StableMoney closed a $14.7 M Series A - Infynite Club secured $2.6 M from Elevation Cap. - Neo raised $48 M in a Series B Soon to happen ->Centricity is reportedly eyeing $15 M from Lightspeed. 🎯All are start-ups with a common focus: Capitalizing on India's growing affluent demographic 📈There's plenty of room for growth too - - Ratio of mutual fund AUM-to-GDP is at 15% versus a global average of 75% - Population of Indians with $10,000+ income to reach 100 million by 2027 (as per GS report) - Young and tech savvy Investor segment ⏩Dezerv’s co-founder Sandeep Jethwani projects India’s wealth creators will add nearly $1.2 trillion over the next five years.

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