With participation from current investors Eight Roads Ventures and Rainmatter Fund, wealth-tech startup AssetPlus has raised Rs 175 crore (about $19.3 million) in a fundraising round headed by Nexus Venture Partners.
Key Highlights
- Wealth-tech startup AssetPlus raises ₹175 crore to scale digital investment and advisory offerings nationwide.
- Funding round led by Nexus Venture Partners supports expansion, technology upgrades, and customer acquisition.
In the past, the Chennai-based company has taken $12.9 million from InCred Capital and other sources.
According to a press release from AssetPlus, the additional money will be used to broaden its product offerings and strengthen its technology stack.
AssetPlus, which was co-founded in 2016 by Vishranth Suresh and Awanish Raj, streamlines mutual fund investment through technology by offering investors and Mutual Fund Distributors (MFDs) a digital platform. By providing seamless digital tools, ONDC integration, and AI-led advising solutions to improve financial empowerment, the company hopes to democratize finance.
In addition, AssetPlus has expanded into fixed deposits, retirement-focused products, and insurance products, such as health and term plans. It intends to provide Portfolio Management Services (PMS) and provide clients with international investment choices through GIFT City over the course of the following six months.
According to the company, it presently collaborates with over 18,000 MFDs throughout India. Through this network, AssetPlus serves more than 1.5 lakh clients nationally, manages assets worth more than Rs 7,250 crore, and controls a monthly systematic investment plan (SIP) book worth more than Rs 100 crore.
AssetPlus claims that the majority of its clients are retailers, with typical portfolios valued between Rs 5 lakh and Rs 2 crore. Customers contribute an average of Rs 10,000–12,000 per month in various funds on the SIP front.
Also Read: Wealthtech Startup Neo to Bag $19 Mn as Valuation Rises 2.7X
For the fiscal year that concluded in March 2025, the company reported sales of approximately Rs 33.9 crore and a net loss of Rs 21 crore.
In 2024 and 2025, 51 deals involving 39 Indian wealthtech businesses raised over $634 million, according to data. Despite this activity, there were very few large-scale fundraising events in the sector—just six rounds totaling $30 million or more. Syfe's $53 million round, Smallcase's $50 million Series D headed by Elev8 Venture Partners, Neo's $48 million fundraising, and Dezerv's $40 million round co-led by Premji Invest and Accel were among them.
Vertex Ventures Southeast Asia & India led Wint Wealth's $28 million Series B financing last week.
