Wealthy, a Bengaluru-based wealthtech startup, has raised $7.5 million in a Series A round of funding led by Alpha Wave Incubation (AWI). AWI is backed by ADQ’s venture platform, and managed by Alpha Wave Global (formerly known as Falcon Edge Capital).
New investor Savrola Group and existing investors Venture Highway, Good Capital, and Emphasis Ventures also participated in the round.
Founded by Aditya Agarwal and Prashant Gupta in 2015, Wealthy.in's client assets worth $450 million are currently being managed on its platform. With the latest round of funding, the company plans to penetrate deeper into the Indian market as well as expand in international markets like the Middle East.