India’s Wealthtech Sector on the Rise 

The wealthtech startup landscape in India is experiencing a vibrant resurgence, as  technology-driven platforms transform the way people save, invest, and accumulate  wealth. Historically focused on high-net-worth individuals, wealth management is now  increasingly accessible to the middle class, thanks to rising disposable incomes,  greater digital connectivity, and heightened financial literacy. This evolution signifies a  pivotal moment, with wealthtech startups at the forefront of making structured, data informed financial planning available to young and first-time investors. 

In the past two years, startups like Neo, Smallcase, Dezerv, and Syfe have emerged as  significant players in this shift, garnering considerable investor attention and capital. 

Funding Snapshot: $634 Million Raised in 2024–25 

Data from Entrackr reveals that Indian wealthtech startups raised over $634 million  through 51 deals involving 39 startups during 2024 and 2025. While these figures are  impressive, the ecosystem saw relatively few large investments, with only six funding  rounds surpassing $30 million. 

Key transactions during this timeframe included Syfe’s $53 million fundraising,  Smallcase’s $50 million Series D led by Elev8 Venture Partners, Neo’s $48 million round,  and Dezerv’s $40 million raise co-led by Premji Invest and Accel. 

Year-on-Year Funding Trends

The year 2023 was relatively quiet for the sector, with wealthtech startups securing  approximately $55 million across 12 deals. A significant portion of this funding  stemmed from Neo’s $35 million round, reflecting a cautious approach from investors. 

However, momentum surged in 2024, with funding skyrocketing over 3.4 times to $265  million across 26 deals, propelled by several large funding rounds. This positive trend  continued into 2025, with funding increasing nearly 40 percent year-on-year to $369.34  million, even as the number of deals remained stable at 25 transactions. 

Leading Funded Wealthtech Startups 

Funding in the last two years has been concentrated among a select few players.  Mumbai-based Neo topped the list, raising $112 million across four rounds. Singapore based Syfe followed closely with $80 million across two tranches, focusing on  expanding its engineering and product teams in Gurugram. 

Dezerv secured $72 million through its Series B and C rounds, while StockGro and  Bengaluru-based Groww raised $60 million and $50 million, respectively. Collectively,  these five startups accounted for nearly 59 percent of the total funding raised during  2024 and 2025. 

The wealthtech sector also witnessed a wave of consolidation, highlighted by five  notable mergers and acquisitions during this period. Groww acquired Bengaluru-based  Fisdom, while CRED ventured into wealth management by acquiring Kuvera. InCred  Money took over Stocko, 360 ONE acquired ET Money, and Nivesh purchased Wealthzi,  all indicating a strategic move towards scale and product diversification. 

Active Investors and Market Outlook 

Prominent investors such as MUFG, Premji Invest, Z47 (formerly Matrix Partners), and  Elevation Capital were among the most active, participating in multiple funding rounds  across leading startups. Other notable names included Accel, Peak XV Partners,  Lightspeed, RTP Global, and Valar Ventures. 

While the potential for growth remains substantial, challenges linger. Wealth  management is inherently a relationship-driven business, where trust, advisory  expertise, and lengthy conversion cycles are critical. While automation can enhance  efficiency, fostering confidence among Indian investors remains the sector’s most  significant long-term challenge.