VC Fund Investments
Personal finance platform Wealthy raises $7.5 M from Alpha Wave, others
Bengaluru-based Wealthy, a mutual funds-focused personal finance platform, has raised USD 7.5 million in a Series A round led by Alpha Wave Global. New investor Savrola Group and existing investors Venture Highway, Good Capital and Emphasis Ventures also participated in the round. Wealthy will use the fresh funds to penetrate deeper into the Indian market as well as expand in international markets like the Middle East.
From the Venture Intelligence PE-VC Deal Database: Between Aug-16 and May-19, Wealthy raised $2-M from Emphasis Ventures, Good Capital, Vy Capital, VH Capital, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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