Wealthtech startup Wealthy raise Rs 130 crore; Founder says, 'Vision is to unlock new supply of wealth entrepreneurs'

Wealthy.in, a homegrown wealthtech platform for mutual-fund distributors and wealth management professionals, has raised Rs 130 crore in a Series B funding round led by Bertelsmann India Investments.

The round also saw participation from existing investor Alphawave Global, new investor Shepherd's Hill, and a group of prominent tech entrepreneurs.

Founded by IIT–IIM alumni Aditya Agarwal and Prashant Gupta, Wealthy said that it empowers Mutual Fund Distributors (MFDs) with advanced technology, dedicated support, and in-depth product research. Its platform enables wealth management professionals to deliver personalized investment solutions and data-driven insights.

Wealthy.in said its platform processes more than Rs 300 crore in monthly transactions and works with a network of over 6,000 mutual fund distributors serving more than 100,000 clients across more than 1,000 towns. The platform currently manages client assets worth Rs 5,000 crore.

The startup claims to have grown its assets under management (AUMs) from Rs 200 crore to Rs 5,000 crore over the past three years. It has 20 offices across India, including Bengaluru, Mumbai, Hyderabad, Ahmedabad, Surat, Jaipur, Gurugram, Delhi, Faridabad, Ghaziabad, Lucknow, Kanpur, and Kolkata.

"India has a fundamental advice gap that technology alone cannot solve. LIC serves over 40 crore customers, yet mutual funds have only 5 crore investors—this gap exists because we have too few advisors, and the ones we have lack the tools to scale," said Aditya Agarwal. 

"MFDs have done a phenomenal job building trust and relationships, but to scale to the next level, they needed technology investment that was missing from the ecosystem. We've built a mobile-first, India-made solution designed specifically for how Indians invest and how Indian advisors work. Our platform combines the irreplaceable value of human advice with AI-powered tools, enabling wealth partners to deliver institutional-quality service at scale. This is how we'll bridge the advice gap and bring sophisticated wealth management to millions.”

"Our vision is to unlock a completely new supply of wealth entrepreneurs across India,” said Prashant Gupta. 

“We're seeing relationship managers, ex-bankers, and finance professionals leave traditional roles to build independent practices. These professionals are becoming true wealth entrepreneurs, running their own businesses and building long-term equity.

“Less than 15% of Indian households have any exposure to the Indian equities market, either directly or indirectly. As India marches on its way to being a developed country, we believe this number will move closer to 60% and catch up with developed markets. Wealthy will play a critical role in this mission as it provides cutting edge technology, as well as access to multiple products to MFD’s all over the country,” said Rohit Sood, Partner at Bertelsmann India Investments.