Funding
Wealth management firm Wealthy raises $14.5 million
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Bengaluru-based wealth management startup Wealthy has raised Rs 130 crore ($14.5 million) in a fresh funding round led by Bertelsmann India Investments. It also saw participation from existing investor Shepherd’s Hill group and Alpha Wave.
Founded in 2015, Wealthy has raised $27 million to date.
The company’s cofounder Aditya Agarwal told ET that the funds will primarily be invested in scaling up the technology platform and expanding its physical presence in newer cities in the country. The company will also invest in training and capacity building…
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