Wealthy, a wealth management platform, has raised ₹130 crore in a Series B funding round led by Bertelsmann India Investments (BII). The round also saw participation from existing investor Alphawave Global, new investor Shepherd’s Hill, and a group of prominent tech entrepreneurs.
The fresh funds raised will be used to scale its technology platform and expand its physical presence in newer cities in the country. The company will also invest in training and capacity building for wealth managers on its platform.
Previously, Wealthy.in raised $7.5 million in Series A round led by Alpha Wave Incubation in 2022, and in the last three years, the company’s AUM has grown from ₹200 crore to ₹5,000 crore.
Founded in 2015 by Aditya Agarwal and Prashant Gupta, Wealthy is a wealth-tech platform for mutual-fund distributors and wealth management professionals.
Wealthy’s AI-powered platform offers a comprehensive 360° solution, combining investments (mutual funds, stocks, PMS, FDs, and fixed income securities) and protection products (term and health insurance) in one place. With dedicated apps for both clients and distributors, it enables seamless access to over 200 financial institutions across a full range of financial products spanning multiple asset classes.
Wealthy has 20 offices across India, with a strong presence in major cities including Bengaluru, Mumbai, Hyderabad, Ahmedabad, Surat, Jaipur, Gurugram, Delhi, Faridabad, Ghaziabad, Lucknow, Kanpur, and Kolkata — supported by a 250+ member team.
Wealthy processes over ₹300 crore in monthly transactions and works with a network of more than 6,000 mutual fund distributors serving over 100,000 clients across 1,000+ towns.
Wealthy onboards more than 350 every month. Client assets worth ₹5,000 crore are currently being managed on the platform.
Aditya Agarwal, Co-founder of Wealthy, said, “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. 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.”
Prashant Gupta, Co-founder of Wealthy, said, “Our vision is to unlock a completely new supply of wealth entrepreneurs across India. 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. Wealthy provides everything they need: comprehensive technology, professional tools, access to products across all asset classes—mutual funds, equities, bonds, PMS, AIFs—combined with insurance and financial solutions. This holistic approach empowers distributors to serve as genuine wealth partners to their clients, not just product distributors. That’s the future we’re building.”
Rohit Sood, Partner at Bertelsmann India Investments, said, “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 MFDs all over the country. We are excited to partner with Aditya and Prashant on this journey of financial inclusion and creation of the next big wealth-tech platform in the country.”
