Wealthy raises Rs 130 Cr led by Bertelsmann India Investments

Wealth-management platform Wealthy has raised Rs 130 crore ($14.5 million) in its Series B round led by Bertelsmann India Investments. Its existing investors Shepherd’s Hill Group and Alpha Wave Global also participated.

Wealthy has raised a total of around $30 million including Rs 45 crore ($5.4 million) in Series B round led by Falcon Edge’s Alpha Wave Incubation Fund.

The proceeds will be used to expand Wealthy’s advisor network, improve its product stack, and increase penetration in new markets. It is also expected to strengthen its…