Wealthy.in has raised Rs 130 crore in a Series B funding round led by Bertelsmann India Investments, with participation from existing investor Alphawave Global, new investor Shepherd’s Hill, and several technology entrepreneurs.
The funding will support the company’s plans to scale its AI-powered platform for mutual fund distributors and wealth management professionals.
Founded by Aditya Agarwal and Prashant Gupta, Wealthy.in processes more than Rs 300 crore in monthly transactions and works with over 6,000 mutual fund distributors serving more than 100,000 clients across 1,000 towns.
The platform currently manages Rs 5,000 crore in client assets and adds more than 350 distributors each month, making it one of India’s fastest-growing wealth-tech networks.
The company last raised capital in 2022 when Alphawave Global led its Series A round. Over the past three years, Wealthy.in’s assets under management have expanded from Rs 200 crore to Rs 5,000 crore, reflecting significant growth. The firm has a national presence with 20 offices supported by a team of more than 250 employees.
The newly raised funds will be used to expand Wealthy.in’s AI-led digital infrastructure aimed at improving efficiency for India’s mutual fund distributors. The platform integrates investment and protection products, including mutual funds, equities, bonds, PMS, AIFs, and insurance, while providing distributors with tools for client onboarding, advisory workflows, and analytics.
India’s wealth management sector continues to expand, with mutual fund assets reaching Rs 75 lakh crore and industry projections estimating the market will double to 200 lakh crores by FY29.
The latest funding round positions Wealthy.in to strengthen its technological capabilities and scale its platform to support the growing network of independent mutual fund distributors across the country.
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