Wealthy raises Rs 130 Cr led by Bertelsmann India Investments

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Wealth-management platform Wealthy has raised Rs 130 crore ($14.5 million) in its Series B round led by Bertelsmann India Investments. Its existing investors Shepherd’s Hill Group and Alpha Wave Global also participated.

Wealthy has raised a total of around $30 million including Rs 45 crore ($5.4 million) in Series B round led by Falcon Edge’s Alpha Wave Incubation Fund.

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…



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Wealthy raises Rs 130 Cr led by Bertelsmann India Investments


Wealth-management platform Wealthy has raised Rs 130 crore ($14.5 million) in its Series B round led by Bertelsmann India Investments. Its existing investors Shepherd’s Hill Group and Alpha Wave Global also participated.

Wealthy has raised a total of around $30 million including Rs 45 crore ($5.4 million) in Series B round led by Falcon Edge’s Alpha Wave Incubation Fund.

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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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