Wealthy raises Rs 130 crore in Series B funding led by Bertelsmann India Investments

Wealthy co-founders Aditya Agarwal and Prashant Gupta

Bengaluru-based Wealthy.in has raised Rs 130 crore in a Series B round involving existing and new investors, at a time when wealth-tech platforms are seeing heightened investor interest after Groww’s IPO and sustained inflows into equity mutual funds.

The company plans to deploy the funds to strengthen its AI-led technology stack, expand into Tier II and III cities, onboard 50,000 distributors, and work toward achieving Rs 1 lakh crore in AUM.

The round was led by Bertelsmann India Investments, with participation from existing investor Alphawave Global, new investor Shepherd’s Hill and several tech entrepreneurs.

"India has a fundamental advice gap that technology alone cannot solve," said Aditya Agarwal, Co-founder of Wealthy, adding that 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.”

Founded by Aditya Agarwal and Prashant Gupta, Wealthy processes over Rs 300 crore in monthly transactions and works with more than 6,000 distributors serving 100,000 clients across 1,000 towns. It manages client assets worth Rs 5,000 crore and recruits over 350 distributors every month.

“Our vision is to unlock a completely new supply of wealth entrepreneurs across India,” said Prashant Gupta, Co-founder of Wealthy.

Investor activity in the wealth-tech segment has been gathering pace.

Wealth management firm Dezerv raised Rs 350 crore in a Series C round co-led by Premji Invest and Accel’s Global Growth Fund, bringing its total capital raised to over Rs 850 crore. Likewise, Stable Money secured $20 million (around Rs 173 crore) in a Series B round led by Fundamentum Partnership (co-founded by Nandan Nilekani) to build its fixed-income platform.

“Less than 15% of Indian households have exposure to equities. As India moves toward becoming a developed economy, this number will rise significantly,” said Rohit Sood, Partner at Bertelsmann India Investments.