Private Equity VC Fund Investments
Wealth mgmt startup Kuvera raises Rs.36-Cr led by Fidelity unit: report
Source Inc42 (opens in a new tab)
Bengaluru-based wealth management startup Kuvera is raising INR 36.7 crore in an ongoing Series B funding round led by Fidelity. Kuvera, founded in 2016, claims to advise over INR 22,000 crore in direct mutual funds and a significant sum in gold. It facilitates over INR 550 crore of transactions every month and claims to have 8.5 lakh investors spread across 800 cities.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: In Apr-19, Kuvera had raised more than INR 30 crore from Eight Roads Ventures (which is backed by Fidelity). (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)