7 months ago
AssetPlus Raises ₹175 Crore in Funding
AssetPlus is a company that helps people manage their money using both technology and human experts.
They just got ₹175 crore from investors like Nexus Venture Partners, Eight Roads Ventures, and Rainmatter by Zerodha.
This money will help them improve their technology, offer more products, and give better advice to people who want to invest.
They work with over 18,000 mutual fund distributors and have about 1.5 lakh customers.
They also have a special advisor, Sunil Subramaniam, who will help train these distributors.
The goal is to make investing easier and more accessible for everyone.
AssetPlus raised ₹175 crore in funding led by Nexus Venture Partners, with backing from Eight Roads Ventures and Rainmatter by Zerodha.
The company blends technology with human expertise to empower over 18,000 Mutual Fund Distributors (MFDs) managing ₹7,250 crore in AUM.
Funds will be used to enhance tech infrastructure, expand products, and support holistic advice.
AssetPlus has 1.5 lakh customers and a ₹125 crore monthly SIP book.
Sunil Subramaniam, former MD of Sundaram MF, has joined as a Strategic Advisor for distributor training.
- Who
- AssetPlus, a digital-assisted wealth management platform
- What
- Raised ₹175 crore in funding
- Where
- Chennai, India
- When
- The funding round was announced on Monday
- Why
- To enhance tech infrastructure, expand products, and support holistic advice
Key facts
- Company
- AssetPlus
- Funding Amount
- ₹175 crore
- Lead Investor
- Nexus Venture Partners
- Other Investors
- Eight Roads Ventures, Rainmatter by Zerodha
- AUM
- ₹7,250 crore
- Monthly SIP Book
- ₹125 crore
- Customers
- 1.5 lakh
- MFDs
- 18,000
- Founded
- 2016
- Strategic Advisor
- Sunil Subramaniam
Quotes
Vishranth Suresh
Co-founder and CEO of AssetPlus
“We are building wealth management infrastructure that combines human advice with technology-led scale.”
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Awanish Raj
Co-founder and CTO of AssetPlus
“We are building systems that remove friction for distributors.”
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Anand Datta
Partner at Nexus Venture Partners
“AssetPlus' clarity of vision for India's financial future.”
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