Wealthy raises $14.5M in its Series B funding round.
EMVC portfolio company, Wealthy, raised $14.5M (INR 130Cr) from Bertelsmann India Investments, Alphawave Global, Shepherd’s Hill and other investors.
The company enables independent wealth advisors to acquire, service and retain affluent investors in India through its ecosystem of products, tools and software.
On this occasion, Aditya Agarwal, Co-founder of Wealthy said, "India has a fundamental advice gap that technology alone cannot solve and Mutual Fund Distributors (MFDs) need stronger digital tools to scale their businesses. Our platform combines human advice with AI-powered tools to help partners deliver institutional-quality service at scale.”
For context, Wealthy processes over $34M in monthly transactions and works with more than 6,000 distributors serving 100,000 clients across 1,000 towns. It manages client assets worth $560M and recruits over 350 distributors every month.