Wealthtech platform Wealthy.in has raised ₹130 crore in a Series B round led by Bertelsmann India Investments, with participation from existing backer Alphawave Global, new investor Shepherd’s Hill, and several well-known tech entrepreneurs.
Founded by IIT–IIM graduates Aditya Agarwal and Prashant Gupta, the Bengaluru-headquartered startup provides technology, research tools, and support infrastructure for mutual-fund distributors (MFDs) and independent wealth-management professionals. Wealthy.in’s platform enables advisors to deliver personalised portfolios and data-backed investment insights to clients.
The company currently facilitates over ₹300 crore in monthly transactions, serves 100,000+ clients through 6,000+ MFDs, and operates across 1,000 towns in India. Its assets under management (AUM) have climbed from ₹200 crore to ₹5,000 crore in just three years.
Wealthy.in also runs 20 offices nationwide, including major cities such as Bengaluru, Mumbai, Hyderabad, Delhi NCR, Jaipur, Ahmedabad, Surat, Lucknow and Kolkata.
Bridging India’s Investment Advice Gap
Highlighting India’s underserved investment landscape, co-founder Aditya Agarwal said the country faces a “fundamental advice gap” that technology alone cannot bridge.
“LIC serves more than 40 crore customers, but mutual funds have only 5 crore investors,” he noted. “This gap exists because India does not have enough advisors—and those who exist lack scalable tools.”
He added that Wealthy.in combines human-led advisory with AI-powered capabilities, enabling distributors to offer “institutional-quality service at scale”.
Building India’s Next Wave of Wealth Entrepreneurs
Co-founder Prashant Gupta said the company aims to create a new generation of independent wealth advisors.
“We’re seeing RMs, ex-bankers, and finance professionals leave traditional jobs to build their own practices. These professionals are becoming true wealth entrepreneurs,” he said.
Growing Retail Participation in Indian Markets
Rohit Sood, Partner at Bertelsmann India Investments, said India’s retail participation in equities remains low, with less than 15% of households having exposure to the market.
“As India progresses toward developed-economy status, we expect this number to rise closer to 60%. Wealthy is well-positioned to accelerate this shift by equipping MFDs with advanced technology and access to a broad suite of financial products,” he added.