AssetPlus, a burgeoning wealth-technology startup, has proudly announced the successful  completion of a Rs 175 crore funding round, spearheaded by Nexus Venture Partners, with  ongoing support from its existing investors, Eight Roads Ventures and Rainmatter Fund. This  funding represents a pivotal moment for the Chennai-based company as it strives to  revolutionise wealth management and financial advisory services throughout India. 

This latest funding round, which translates to around USD 19.3 million, follows a previous  capital infusion of USD 12.9 million from InCred Capital and other investors. With this new  capital, AssetPlus aims to solidify its standing in India’s dynamic wealth-tech landscape. 

The company plans to primarily utilise the fresh funds to enhance its technology platform and  broaden its product offerings. AssetPlus is committed to advancing its digital capabilities,  harnessing sophisticated analytics, and rolling out innovative financial solutions that enhance  accessibility, efficiency, and transparency for both advisors and investors. 

Creating a Technology-Driven Wealth Ecosystem 

Founded in 2016 by Vishranth Suresh and Awanish Raj, AssetPlus operates a digital-first  platform designed to empower Mutual Fund Distributors (MFDs) and retail investors alike.  The platform simplifies the mutual fund investment process by providing comprehensive  digital tools, seamless onboarding, portfolio tracking, and transaction management. 

A central focus for AssetPlus is the democratisation of finance. The company integrates  cutting-edge technologies such as ONDC connectivity and AI-driven advisory solutions to  assist financial advisors in delivering personalised, data-informed investment guidance.  Through these initiatives, AssetPlus seeks to bridge the divide between traditional wealth  advisory models and contemporary digital expectations. 

Over the years, the company has expanded its offerings beyond mutual funds to include a  broader array of financial products. These encompass insurance solutions like term and health 

plans, fixed deposits, and retirement-focused investment options. Looking ahead, AssetPlus  has ambitious plans to introduce Portfolio Management Services (PMS) within the next six  months and to facilitate global investment opportunities for Indian customers through GIFT  City. 

A Strong National Presence and Expanding Scale 

AssetPlus boasts a robust nationwide network, collaborating with over 18,000 Mutual Fund  Distributors across India. Through this extensive ecosystem, the company currently manages  assets exceeding Rs 7,250 crore. Additionally, it oversees a monthly Systematic Investment  Plan (SIP) book of more than Rs 100 crore, serving over 1.5 lakh customers nationwide. 

The company’s clientele is predominantly retail-focused, with average portfolio sizes ranging  from Rs 5 lakh to Rs 2 crore. On the SIP front, investors typically contribute between Rs  10,000 and Rs 12,000 monthly across various schemes, reflecting consistent engagement  from India’s burgeoning middle-income demographic. 

From a financial standpoint, AssetPlus reported revenues of approximately Rs 33.9 crore for  the financial year ending March 2025, while incurring a net loss of Rs 21 crore. The company  remains dedicated to long-term growth, platform enhancement, and market expansion. 

The Wealth-Tech Funding Landscape in India 

Industry data compiled by Entrackr indicates that Indian wealth-tech startups raised over  USD 634 million across 51 funding deals involving 39 startups during 2024 and 2025.  Despite sustained investor interest, the sector has seen relatively few large-ticket fundraises.  Only six funding rounds surpassed USD 30 million, including Syfe’s USD 53 million round,  Smallcase’s USD 50 million Series D, Neo’s USD 48 million raise, and Dezerv’s USD 40  million round. 

The successful fundraising by AssetPlus highlights the growing investor confidence in  technology-driven wealth management platforms that cater to India’s expanding retail  investor base and their evolving financial needs.