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Bengaluru-based wealthtech startup PowerUp Money has raised $7.1 million in its first major institutional funding round, led by early-stage investors Accel, Blume Ventures, and Kae Capital.
The round also saw participation from 8i Ventures, DeVC.
Founded in April by Prateek Jindal, who was previously the cofounder at Uni Cards, the startup offers direct mutual fund investments to retail investors.
“The venture was initially built as a separate platform but within Uni Cards. Post this funding round, the firm and the team have been hived off from…
