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VCGuy

Believe me, it’s not... • 11m

In India, billions of dollars are managed on excel and pen/paper. Brokers, small distributors, and family offices lack comprehensive software to manage data and client portfolios. A company looking to solve this: Centricity picked up $20 M in a seed round. ⏩Investors include: Lightspeed, Paramark VC, and Family offices of M.S. Dhoni and NB Ventures. 💡Centricity offers - - Analytics, reporting and insights for Single Family Offices and HNIs via Invictus platform - OneDigital: A discovery platform that provides -> a). Comprehensive list of products from asset management companies b). Access to PMS managers c). AIF's - listed/private equities, and debt opportunities d). Digitally onboarding for distributor's customers, transaction and reporting tools. 📄As per a SEBI report -> AMCs are unwilling to focus on distribution channels outside the Top 200 districts by GDP. The AUM earned for every rupee spent is not economically viable(89.75% of all the distribution costs by AMCs are incurred in the T-15 cities). ⏯️Startups like Centricity will help improve the under-penetrated asset management market.

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Replies (8)

Account Deleted

Hey I am on Medial • 11m

I think there is odoo in the similar rather same space in providing business management softwares. And it seems affordable too. In a podcast I've heard that even small book sellers can use it effectively

2 Replies

Bharti Khade

Hey I am on Medial • 11m

Kenil Lad

Startup enthusiastic • 11m

hey can anyone please help to get Seed funding for my startup

Anonymous 3

Hey I am on Medial • 11m

Umm... this doesn't seem that smart tbh. You're telling me there's no Notion or Intuit or Zoho Books for them?

Anonymous 2

Hey I am on Medial • 11m

Finally, someone is paying attention to the small guys! Brokers and family offices have been juggling Excel sheets forever. $20M is a serious vote of confidence from big names like Lightspeed and, yeah, Dhoni. Go Centricity

Anonymous 1

Hey I am on Medial • 11m

Honestly, it's about time someone tackled this mess. Small brokers and family offices using ancient methods like Excel or worse, pen and paper, is a recipe for disaster. Centricity could seriously shake up the game with this kind of tech and backing.

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