Wealthy.in, a wealth management platform based in Bengaluru, today announced the completion of a $7.5 million Series A funding round led by Alpha Wave Incubation (AWI) and Savrola Group.
Existing investors such as Venture Highway, Good Capital, and Emphasis Ventures also participated in the round. Alpha Wave Global manages AWI, which is backed by ADQ’s venture platform (formerly known as Falcon Edge Capital).
Wealthy.in, founded in 2015 by Aditya Agarwal and Prashant Gupta, allows professionals to grow wealth for investors through its Wealth Management platform. Around $450 million in assets are managed on the startup’s platform, according to the company.
Wealthy.in, which is owned and operated by Buildwealth Technologies Pvt. Ltd., will use the raised funds to penetrate deeper into the Indian market and expand in international markets like the Middle East, the statement said.
“For a long time, we have been known as a country of great savers but not great investors. However, we are seeing signs of a structural shift in the market, where investors want to manage their life’s savings through a diversified pool of products. Through our tech-enabled platform and holistic offering, we are well-positioned to lead this market shift,” said Aditya Agarwal.
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