PE-VC Fund Investments
Mutual funds distribution platform AssetPlus attracts Rs.175-Cr from Nexus, others
Chennai-based wealth-tech startup AssetPlus has raised INR 175 crore (USD 19.5 million) in a funding round led by Nexus Venture Partners. Existing investors Eight Roads Ventures and Rainmatter, also participated in the round, along with InCred Group founder Bhupinder Singh.Founded in 2016, AssetPlus operates a B2B2C platform that enables mutual fund distributors (MFDs) to manage investors across onboarding, transactions, compliance and portfolio servicing. Distributors are onboarded as partners or sub-distributors on the platform, while end customers are serviced through them.The fresh capital will be used to deepen the company’s technology stack and expand product offerings. AssetPlus is also looking to introduce Portfolio Management Services and offer global investment options through GIFT City for its customers in the next six months.
Between Oct 2023 and Nov 2024, AssetPlus had attracted about USD 9 M from InCred Alternatives, Rainmatter Capital, Z Nation Lab, Eight Roads Ventures and others.For FY25, AssetPlus had reported about INR 30 Cr in Operating Income and about INR 21 Cr in Net Loss.
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