JioFinance360 Debuts Smart Financial Health Score: AI‑Powered Insights for Spending, Borrowing, Wealth, and Tax

(Left to Right) - Surbhe S Sharma, CEO, Jio Finance Platform and Service Limited; Hitesh Sethia, MD-CEO, Jio Financial Servic

The pathbreaking new features combine personalised financial insights with exclusive value-back benefits to guide customers towards their long-term financial well-being, while making the journey rewarding at every step.

Jio Finance Platform and Service Limited (JFPSL), a wholly-owned subsidiary of Jio Financial Services Limited (JFSL), today announced the launch of JioFinance+ and JioFinance360 on the JioFinance app. The two novel initiatives that have been rolled out are designed to help customers better understand and improve their financial health, and unlock greater value with each transaction through enhanced rewards.

JioFinance+: Unmatched benefits with every transaction

JioFinance+ is a comprehensive first-of-its-kind membership programme that offers exclusive benefits across eligible financial products on the JioFinance marketplace.

A key feature of JioFinance+ is its value-back model, where a portion of the platform commission earned on eligible marketplace transactions is shared with customers as direct benefits, making financial transactions on the JioFinance app even more rewarding.

Available complimentary for the first 365 days as an introductory offer, JioFinance+ delivers tangible value-back across core product lines:

• Assured Cash Valueback: Up to ₹5,000 on Personal Loans, up to ₹1,000 on Credit Cards.
• Precious Metal Bonus: An extra 1% JioGold on lump-sum purchases of ₹2,500 and above.
• Accelerated JioPoints: 25% extra JioPoints across all eligible platform transactions.

JioFinance360: A smart report card for your financial health

Managing personal finances often involves multiple bank accounts, investments, loans, insurance policies and recurring expenses spread across different platforms. JioFinance360 on the JioFinance app brings these diverse parts of an individual’s financial profile onto a single, easy-to-understand financial health assessment platform. As an industry-first proposition, it consolidates data across multiple sources—covering both assets and liabilities—into a single personalised financial report, available to users at no cost. By combining Large Language Models (LLMs) to summarise fragmented and complex data, along with an intelligent rule-based insight engine, JioFinance360 will provide users with personalised, actionable recommendations precisely when they need them.

At the heart of the experience is a personalised Financial Health Score for every user (ranging between 0 and 100). The Financial Health Score for each user is derived by evaluating their financial fitness across five key pillars:

• Spending: Tracks cash flow dynamics by evaluating spend-to-income ratio, emergency fund buffers, and savings consistency with insights designed to highlight any surpluses, changes to spend patterns, and flag hidden charges and recurring subscriptions to stop income leakage.
• Borrowing: Stay on top of your loans by monitoring your fixed obligations per month, and credit score history trends with actionable insights to potentially boost your credit score.
• Wealth: Measures long-term wealth creation through your investment ratio and a dedicated Portfolio Quality Score, which evaluates portfolio performance, cost, and asset allocation (as per your investment preferences). Insights can help eliminate portfolio redundancies like mutual fund overlaps or even flag a dropping investment rate.
• Protection/Insurance: Evaluates insurance adequacy by calculating ideal life and health coverage needs and highlighting coverage gaps.
• Tax: Simplifies tax planning by tracking filing status and providing insights on potentially unutilised tax-saving opportunities.

Commenting on the launch, Surbhe S Sharma, Chief Executive Officer, Jio Finance Platform and Service Limited said, “The launch of JioFinance+ and JioFinance360 is a pivotal step in our mission to democratise access to intelligent finance for every Indian at scale. With JioFinance+, we are pioneering the most comprehensive membership model that shares a portion of our platform commission revenue directly with customers as value-back on each eligible transaction. This reflects our deep commitment to shared growth, fostering lasting relationships with our customers, and bringing down transaction costs for the end-customer; even as JioFinance360 enables them to get a comprehensive and granular snapshot of their financial health, and encourages them to take necessary steps to ensure their long-term economic well-being.”

Lighthouse Canton Launches ‘Global Indian’ to Unite NRI Wealth Across Borders

Strengthens GIFT City Investment Capabilities

Lighthouse Canton, a global investment institution headquartered in Singapore, today announced the launch of Global Indian, a dedicated wealth management platform serving non-resident Indians (NRIs) and overseas investors whose financial affairs span multiple jurisdictions. The platform is the first expression of a broader ambition: to build the definitive cross-border wealth institution for globally mobile communities, wherever in the world they live.

The Indian diaspora, estimated at approximately 35 million individuals, is the largest in the world. According to Reserve Bank of India data, remittances to India reached a record USD 135 billion in FY2024-25, while NRI deposits exceeded USD 164 billion as of March 2025.

Despite the scale of this capital, the wealth of most NRI families remains structurally fragmented: banking relationships are maintained in the country of residence, custody arrangements span multiple geographies, and India-focused investments are frequently managed by a separate set of advisors. These arrangements seldom operate as a unified portfolio, and the burden of coordination falls on the family itself.

Global Indian has been established to address this fragmentation. The platform provides consolidated multi-jurisdictional reporting, cross-border wealth structuring, and a single advisory relationship encompassing both international and India-domiciled holdings, together with management of the attendant tax and regulatory requirements.

"NRI families frequently hold substantial wealth that is diminished in practice by fragmentation, as no single institution is accountable for the complete picture," said Sumegh Bhatia, Managing Director and Chief Executive Officer – India and Global Indian, Lighthouse Canton, who leads the business. "Global Indian has been designed so that a family resident in Dubai or London, with assets in Mumbai and Singapore, engages with one team, one consolidated view of its wealth, and one coherent set of decisions."

The platform serves both directions of the India capital corridor. NRIs and international investors are provided access to Indian markets through the organisation's regulated entities in India and at GIFT City IFSC, operating under IFSCA regulation. Indian resident investors are offered global diversification through the Liberalised Remittance Scheme and GIFT City frameworks. In conjunction with the launch, Lighthouse Canton has introduced a Systematic Global Equities Fund domiciled in GIFT City, offering Indian investors a tax-efficient, regulated avenue to participate in global equity markets.

“We understood this problem early because we come from the community we serve," said Shilpi Chowdhary, Group CEO, Lighthouse Canton. "India's diaspora represents one of the most significant and consistently underserved wealth management opportunities in the world; a community whose financial lives span multiple geographies but has rarely been served as one integrated picture.

Over the past decade, we have structurally built the infrastructure to change that, a regulated platform across five jurisdictions, a presence across India's key cities, and Keenai, our proprietary wealth technology platform purpose-built to consolidate and manage cross-border wealth.

Global Indian is the first expression of that capability; and our ambition extends beyond it. We are building Lighthouse Canton to be the institution that globally mobile communities turn to first, wherever significant wealth meets significant complexity. Our commitment to the Global Indian community is to make their experience seamless, connected and frictionless, and to be the number one institution in this space."

Abhay Laijawala, Managing Director, Chief Investment Officer – India, Lighthouse Canton, added, “India’s transformation is unlocking powerful investment opportunities beyond the benchmark indices. Across defence, AI infrastructure, formalisation and financial inclusion, a new generation of mid-cap companies has the potential to outperform the larger market over the next three years. For globally mobile Indians who combine on-the-ground familiarity with India's evolving market and global thematic awareness, that combination is the alpha edge. Global Indian closes that gap, enabling this community to participate in India's structural growth while maintaining global diversification.”

Global Indian integrates Lighthouse Canton's regulated entities in India and GIFT City with its international platform across Singapore, Dubai and the United Kingdom. The offering is supported by Keenai, the institution's proprietary wealth technology platform, which provides portfolio analytics, lifecycle management, consolidated multi-market reporting, and access to a digital investment marketplace.

Alongside Sumegh, Global Indian is led by Sunil Garg and Abhay Laijawala (Global and India Chief Investment Officers), Sanket Sinha (MD and CEO, Global Asset Management), Prashant Tandon (MD and CEO-UAE), and Gurjeet Sohi (MD and Head Wealth Management, India). This leadership structure brings together investment expertise, regional operating capability, and wealth platform specialisation to deliver integrated advisory to the global Indian community.

About Lighthouse Canton

Lighthouse Canton is a global investment institution with wealth and asset management capabilities. The organisation employs experienced professionals across its offices in Singapore, Dubai, India, and London, and currently oversee over US$ 6 bn worth of assets under management (as of 31st March 2026). Lighthouse Canton creates value through innovative investment solutions for accredited private clients, institutional investors, and an ecosystem of founders and entrepreneurs globally.

Lighthouse Canton’s Asset Management business comprises strong internal product capabilities in hedge funds, private equity, traditional fundamental analysis, investing through multiple strategies in real estate private equity, private credit, venture capital, growth debt, public equities, and global macros.

Its Wealth Management business caters to accredited investors including corporates, ultra-high net worth individuals, families and family offices, founders, and entrepreneurs, to help with their personal and business investments, estates, and philanthropic needs, providing them with tailored investment advisory, portfolio management, treasury, business, and family office solutions.

Its advisory and capital solutions business serves families and family-owned enterprises and early to late-stage corporates with strategic and M&A advisory, restructuring and refinancing, and strategic capital solutions. The business provides tailored financing solutions across the capital structure with varying degrees of complexity along with bespoke lending solutions designed to address sophisticated capital needs.

Lighthouse Canton Pte Ltd is regulated by the Monetary Authority of Singapore (“MAS”). Lighthouse Canton Capital (DIFC) Pte Ltd is regulated by the Dubai Financial Services Authority (“DFSA”). It is also registered in GIFT City IFSC, operating under IFSCA regulation. LC Capital India Pte Ltd is regulated by Securities and Exchange Board of India (“SEBI”). Lighthouse Canton UK Limited is regulated by Financial Conduct Authority (“FCA”).

For more information visit www.lighthouse-canton.com

Global Indian - www.lighthouse-canton.com/global-indian

Wealth Management Platform ILIOS 72 Secures Pre-Series A at 3x Valuation, Strengthens Family Office Backing

ILIOS 72 Alternative Capital, a fast-growing wealth management and alternative investments platform, has raised its Pre-Series A round at a 3x valuation mark-up, taking the company’s valuation to ~$ 2 Mn. The round saw participation from a clutch of family offices based out of Jaipur and Mumbai - at a 3x to what they raised their seed stage round at, reaffirming confidence in the firm’s growth trajectory and long-term vision. The company raised a total capital of INR 2 crores in this round.

The milestone comes alongside a significant scale-up in the business, with Assets Under Management (AUM) crossing INR 200 crore, underscoring the platform’s growing relevance among HNI and UHNI investors seeking access to alternative investment opportunities.

Founded in 2025, ILIOS 72 has rapidly built a differentiated position in the market through its research-led, open-architecture approach to wealth management, offering clients access across alternative investments – ranging from private equity, venture capital, structured products, non-mutual fund offerings within equity, private credit and even global investment opportunities.

Commenting on the development, Shivansh Sabharwal, Co-Founder, ILIOS 72 Alternative Capital, said: “This milestone reflects the trust our clients and partners have placed in us. What is particularly encouraging is the continued support and backing from family offices, who have chosen to invest in ILIOS 72 and deepen their commitment to our journey. In a relatively short span, we’ve been able to build a platform that prioritises research, transparency, and long-term outcomes over transactional engagement. As we scale, our focus remains on deepening client relationships and expanding access to high-quality alternative investments.”

Valmik Iyer, CFA and Co-Founder, ILIOS 72 Alternative Capital, said: “Crossing INR 200 crore in AUM is an important marker in our journey. It validates our belief that Indian investors are increasingly looking beyond traditional asset classes towards more sophisticated, research-driven opportunities. The continued participation of our existing investor base further reinforces the strength of our model and long-term vision. Our goal is to simplify access to these markets while maintaining a strong focus on risk management and portfolio construction.”

Building on this momentum, ILIOS 72 is now focused on geographic expansion beyond metros, with plans to strengthen its presence in Jaipur and Kanpur, while actively targeting high-potential Tier 2 markets. The firm aims to bridge the gap in quality financial advisory and access to alternative investments in these regions.

The company also continues to invest in strengthening its platform capabilities and research depth, ensuring clients have greater visibility, better access, and informed decision-making tools across asset classes.

At its core, ILIOS 72 operates on a client-first philosophy, aligning team incentives with portfolio performance rather than product sales—an approach that continues to differentiate it in an increasingly evolving wealth management landscape.

The latest round marks a continuation of the company’s growth journey, supported by strong family office backing, as it positions itself as a long-term partner for Indian families navigating the expanding universe of alternative investments.

About ILIOS 72 Alternative Capital

ILIOS 72 Alternative Capital is a new-age wealth management platform focused on redefining access to alternative investments for long-term investors. The firm enables individuals and families to invest across private markets, listed strategies, and global opportunities through a transparent, research-driven approach. With a strong emphasis on client outcomes and long-term wealth creation, ILIOS 72 is building a platform designed for the evolving needs of modern investors.

Website: https://ilios72altcap.co.in

JioFinance Empowers Users with AI-Driven Insights and a Single View of Their Financial World

Enhancing the way people engage with their money, a powerful new feature has been launched on the JioFinance app, which enables users to bring together what matters in their financial life on to one unified, secure, and intelligent platform. It allows users to seamlessly link, view and analyse all their bank accounts, mutual funds and stock portfolios in one single place, without the hassle of viewing multiple apps.

In an increasingly fragmented financial ecosystem, individuals often struggle to track multiple accounts, apps, and providers. The JioFinance app solves this by consolidating, analysing, and personalising financial recommendations, based on user consent. It gives users a clear and nuanced understanding of their cash flow trends, expenses and investment, as well as recommendations for better money management. This feature helps people align day-to-day spending patterns with their long-term goals, using advanced analytics and smart insights to simplify decision-making.

The key features of the platform include:

• Unified Financial Dashboard: Brings together all financial relationships — from loans and deposits held within JioFinance to linked external accounts and investments — providing a consolidated, real-time view of a user’s finances.
• Comprehensive Asset Tracking: Enables users to link and track Bank Accounts (CASA) for real-time balances and spending insights, as well as Mutual Funds, Equities, and ETFs with portfolio and performance analysis. Soon, support for Fixed and Recurring Deposits will offer an even more complete picture of a user’s financial world.
• Smart, Data-Driven Guidance: Goes beyond simple tracking with AI-powered insights and nudges, offering personalised recommendations to help users make better financial decisions.

To begin the journey of smarter money management, users can download the JioFinance app, click on the ‘Track your Finances’ tab on the home screen and follow a few simple steps to set up their personalised financial dashboard. Jio Finance Platform and Service Limited, a subsidiary of Jio Financial Services Limited, is responsible for managing the JioFinance app.

Surbhe S Sharma, Chief Executive Officer, Jio Finance Platform and Service Limited says:

With this new feature on the JioFinance app, we are taking a significant step towards our mission of making finances simple, transparent, intuitive and accessible for every Indian. By bringing a person’s financial life together on a unified, secure and insightful platform, we are empowering users to understand and manage their money effortlessly. We are committed to continuously enhancing the money management and optimising capabilities of the JioFinance app, using advanced analytics & intelligence over time, which will empower the financial well-being of millions of Indians.

To download the JioFinance app, click here

About Jio Finance Platform and Service Limited:

Jio Finance Platform and Service Limited is a wholly-owned subsidiary of Jio Financial Services Limited, responsible for managing the JioFinance app, the unified digital storefront for all retail-focussed products and services offered by Jio We’re a dedicated entity created to empower every Indian with seamless access to trusted, secure, and simplified financial services.

About Jio Financial Services Limited:

Jio Financial Services Limited (JFSL) is a Core Investment Company (CIC) registered with the Reserve Bank of India. As a new-age institution, JFSL operates a full-stack financial services ecosystem through customer-facing subsidiaries, including Jio Credit Limited, Jio Insurance Broking Limited, Jio Payment Solutions Limited, Jio Leasing Services Limited, Jio Finance Platform and Service Limited, and Jio Payments Bank Limited.

Through a 50:50 joint venture with BlackRock, JFSL offers asset management services in India through Jio BlackRock Asset Management Private Limited. The JV with BlackRock also proposes to offer wealth management and broking services through two other entities – Jio BlackRock Investment Advisers Private Limited (for wealth management) and JioBlackRock Broking Private Limited.

JFSL has entered into a 50:50 joint venture with the Allianz Group and has set up Allianz Jio Reinsurance Limited to offer reinsurance services in India, subject to regulatory approvals. The two entities have also signed a non-binding agreement to explore opportunities in general and life insurance.

With a digital-first model, JFSL is committed to enhancing the financial well-being of Indian citizens by enabling them to borrow, transact, save, and invest seamlessly. Through the JioFinance app, customers can access a wide range of solutions including loans, savings accounts, UPI, bill payments, recharges, digital insurance, financial tracking and management tools, and more.

Paisabazaar Goes Beyond Credit: Now Offers FDs & Bonds with Returns Up to 13.25%

Paisabazaar, India’s leading marketplace for consumer credit and a free credit score platform, today announced its foray into wealth management with the launch of fixed income instruments on its platform. The strategic initiative is a part of Paisabazaar’s long-term objective of building a diverse and holistic financial wellness platform. The Paisabazaar would now facilitate comparing and choosing Fixed Deposits and Corporate Bonds.

This move comes on the back of Paisabazaar launching PB Money – a personal finance management platform built on the Account Aggregator framework, along with other data integrations designed to provide consumers with holistic insights and advise, to help them build stronger financial health.

Now with the launch of fixed income instruments, Paisabazaar offers retail investors a seamless digital experience while accessing a wide suite of secure and high-return fixed income offerings, all from a single platform.

Santosh Agarwal, CEO of Paisabazaar 

“At Paisabazaar, our vision is to build a platform that caters to the diverse financial needs of our consumers through a wide product suite. With the launch of fixed income instruments, we are offering our consumers a comprehensive range of investment options, through simple and transparent digital processes. Our objective is to be a lifelong financial partner for our consumers by helping meet all their borrowing, saving and financial wellbeing needs," Santosh Agarwal, CEO, Paisabazaar, said.

Consumers on the Paisabazaar App can check, compare and book from a range of Fixed Deposits (FDs), which includes Bajaj Finance, Suryoday Bank, Shivalik SF Bank, Slice SF Bank, Utkarsh SF Bank, Shriram Finance, and South Indian Bank. The entire investment journey on Paisabazaar is fully digital and seamless.

Corporate Bonds offer potential returns of up to 13.25%, and interest payouts on a monthly or quarterly basis. The minimum investment amount starts at just ₹1,000, making this an accessible option for a wide set of retail consumers. Corporate Bonds on Paisabazaar are powered by Grip Invest, a SEBI-regulated platform.

Consumers through the Paisabazaar platform can choose bonds based on parameters like Yield, Credit Rating, and Investment Amount. For investors seeking diversification and higher returns, Paisabazaar also offers personalized advice, curated and vetted by SEBI-registered analysts, enabling consumers to invest in a basket of securities aligned to specific investment themes.

Paisabazaar says, as part of its long-term strategy, it would continue to scale unsecured lending and build a robust secured lending portfolio, while parallelly expanding into savings and investment solutions and deepening its collections and risk management capabilities.

“This approach strengthens customer lifetime value, deepens engagement, and creates a resilient and diversified business model. A key focus is addressing the needs of ‘New-to-Credit’ (NTC) and underserved segments, many of whom remain outside formal credit systems. Leveraging technology, data analytics, and deep consumer understanding, we are responsibly bringing millions into the financial mainstream,” Santosh Agarwal added.

Paisabazaar, a part of PB Fintech (listed since 2021), is India’s largest marketplace for consumer credit and free credit score. Over the last 11 years, Paisabazaar has earned the trust of over 50 million consumers and it handles 20 lakh+ monthly enquiries from 1000+ cities. Paisabazaar has built 65+ partnerships withBanks, NBFCs, and fintechs to offer a broad range of credit products. Paisabazaar is ISO (27001:2013) and PCI DSS certified organisation, with industry-best controls, to safeguard the best interest of consumers.

From Students to Shareholders: Hyderabad’s Niveshak Shivir Guides Investors to Safeguard Wealth

Under the aegis of the Securities and Exchange Board of India (SEBI), Investor Education and Protection Fund Authority, Ministry of Corporates Affairs, jointly organised Niveshak Shivir in Hyderabad on 30th August 2025 at Haryana Bhavan, Secunderabad. This outreach initiative aimed to assist shareholders in reclaiming unpaid dividends and unclaimed shares, thereby reducing the volume of unclaimed investor assets in the system, while also empowering investors to safeguard their investments.

The Shivir was organized in collaboration with leading Market Infrastructure Institutions (MIIs) including BSE, NSE, NSDL and the Registrar and Transfer Agents (RTAs) – KFin Technologies Limited, Bigshare Services Private Limited, Purva Sharegistry India Private Limited and MUFG Infoline Private Limited. Attendees included students, entrepreneurs, retail investors, and corporate professionals.

The event was graced by Smt. Anita Shah Akella, CEO of IEPFA and Joint Secretary, Ministry of Corporate Affairs; Shri Jeevan Sonparote, Executive Director, SEBI; Shri Sunil Jayawant Kadam, Executive Director, SEBI; Lt. Col Aditya Sinha, General Manager, IEPFA; Shri Binod Sharma, General Manager, SEBI; along with other senior officials from SEBI, IEPFA, MIIs, and RTAs.

Additionally, IEPFA and SEBI, along with other MIIs, launched an insightful Investor Guide developed by CDSL. The guide provides a step-by-step process to help investors resolve their queries related to the claims process.

Choice Equity Broking Acquires Wealth Management Firm Arete Capital

Acquisition increases Choice Broking’s wealth management AUM nearly sixfold to ₹6,241 crores, strengthening its position in the HNI and institutional investment space.

Choice Equity Broking Private Limited (Choice Broking), a leading full-service brokerage firm and a subsidiary of Choice International Limited (BSE: 531358, NSE: CHOICEIN), today announced the acquisition of Arete Capital Services Private Limited (Arete), a prominent wealth management firm with an Assets Under Management (AUM) of ₹5,151 crores. This strategic acquisition strengthens Choice Broking’s position in the wealth management and investment advisory space, enhancing its ability to serve High Net Worth Individuals (HNIs) and institutional clients with a more comprehensive suite of financial solutions.

With this acquisition, Choice Broking’s total wealth management AUM will grow from ₹1,090 crores to ₹6,241 crores, representing a 5.73x increase—nearly a sixfold expansion in its total AUM. This marks a major step in Choice Broking’s expansion strategy, enhancing its ability to provide a wider range of investment solutions and advisory services to an evolving client base.

Commenting on the acquisition, Mr. Arun Poddar, CEO & Executive Director, Choice International Limited, said: "The acquisition of Arete Capital Services is a key milestone in our journey to become a leading player in the wealth management space. With Arete’s strong reputation and expertise, we are confident in our ability to deliver superior investment solutions and personalized financial planning for HNIs and institutional clients. This move emphasizes our vision of offering technology-driven, research-backed financial solutions that empower investors to achieve long-term wealth creation."

Kamal Somani, Director, Arete Capital Services, added: "Arete Capital Services has always been committed to providing customized investment solutions that align with the unique financial goals of our clients. Joining forces with Choice Broking presents an exciting opportunity to enhance our offerings, leverage cutting-edge technology, and extend our reach to a broader investor base. We look forward to this new chapter that will unlock greater value for our clients and stakeholders."

The integration of Arete Capital Services into Choice Broking’s ecosystem is expected to strengthen its wealth management portfolio, deepen client engagement, and scale its market presence. The combined expertise of both firms will enable the delivery of high-quality investment solutions, reinforcing Choice Broking’s commitment to innovation, excellence, and investor success.

Choice Equity Broking Private Limited

Choice Equity Broking Private Limited is a leading financial services firm providing equity, commodity, and currency trading. As a subsidiary of Choice International Limited, the company is committed to leveraging technology-driven platforms and deep research insights to offer best-in-class investment solutions across retail and institutional segments.

Arete Capital Services

Arete Capital Services Private Limited is a well-established wealth management firm specializing in the distribution of investment products and advisory services. With an AUM of ₹5,151 crores, Arete serves a strong clientele of HNIs and institutional investors, offering tailored financial solutions focused on long-term wealth creation and investment growth.

WealthTech Startup Centricity Raises $20 Mn in Seed Round Led by Lightspeed

• Paramark VC along with existing investors like Burman Family Office, Shantanu Agarwal and prominent angel investors like Ritesh Agarwal, Vishal Dhupar etc along with MS Dhoni family office also participated in the funding round
• The fresh capital will be utilised to scale Centricity’s two platforms – Invictus and One Digital with technology and talent, expand private banking services, and pursue strategic acquisitions

Centricity, India’s fastest growing tech-first wealth management company, has successfully raised USD 20 million in a seed funding round to advance its mission of revolutionising wealth management through its technology-based platform. This investment was led by Lightspeed with returning investors Burman Family Office, Shantanu Agarwal amongst others. The round also saw investments from Paramark VC, a distinguished Korean venture capital fund and a group of renowned Family Offices and angel investors, including MS Dhoni family office, Aakash Chaudhry (Ex Aakash Institute), NB Ventures family office, Ritesh Agarwal (OYO), Vishal Dhupar (MD Nvidia) MMG group family office and Action Tesa family office among others.

With a vision to build India’s largest financial distribution franchise and a best-in-class boutique private banking practice, Centricity plans to utilise the fresh capital to expand its operations. The company plans to double its tech development team from 75 to over 150 specialists, focusing on innovations like generative AI led modules, insure-tech, and broking-tech platforms. Through a “phygital” approach, Centricity aims to empower financial advisors to easily access and transact in financial products while simplifying the understanding of financial portfolios.

On the successful fundraise, Manu Awasthy, Founder & CEO of Centricity, said, “Our tech product and business growth are testimony of an impeccable team, immaculately executing a coherent idea. End investors in wealth management are tech starved and crave for simple, sincere solutions. And Centricity is solving this problem through its tech first mind set and practical tech applications. Our scale has been bigger and faster than any wealth management company in India within 15 months of starting the operations”.

“Centricity's vision of redefining wealth management with its one-of-a-kind solution is essential for India's rapidly evolving financial landscape. The company's commitment to empowering independent financial advisors and former private wealth professionals with a sophisticated, yet user-friendly platform sets a new benchmark in the industry. By offering democratised accessibility to all financial products for investors and a commitment to addressing the largely underserved Indian wealth market, the platform holds a lot for promise. We have strong belief in Centricity’s innovative approach and its potential to disrupt the wealth management landscape,” said Shuvi Shrivastava, Partner & Advisor, Lightspeed.

Saket Burman from Burman Family Office said, “We backed Centricity's founding team in the pre-seed round, recognising their potential to transform how UHNWIs and SFOs in India manage their wealth. While others still rely on basic tools, Centricity is offering a cutting-edge solution. The team's remarkable progress and proven execution reaffirm our belief that they can become a leader in this challenging market.”

MS Dhoni Family Office said, “Centricity's OneDigital is on a mission to democratize wealth management for a billion Indians and boost financial product distribution, especially in tier 2/tier 3 towns and cities. Investing in Centricity will be step towards partnering in this journey."

Centricity, a pioneering wealth technology startup based in Gurugram, is poised to revolutionize the wealth management landscape, straddling both the affluent/HNI as well as the ultra-high net worth/Single family office segments. Leveraging cutting-edge proprietary technology platforms and diverse product solutions, Centricity has a clear two-pronged strategy to significantly enhance efficiencies for Independent Financial Product Distributors (FPDs) and Single-Family Offices (SFOs).

Centricity was founded in January 2022 by former senior private bankers with extensive experience at leading financial institutions such as Citibank, Kotak, HDFC, and 360one.

Previously, the company secured $4 million in funding at a $20 million valuation from prominent family offices and angel investors, including the Burman family office, Shantanu Agarwal of BMD Renewal, Arun Jain of Intellect Design Arena, Ankush Nijhawan of TBO Tek, and Devesh Sachdev of Fusion Microfinance.

Lightspeed is a global multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally including Affirm, Acceldata, Carta, Cato Networks, Darwinbox Epic Games, Faire, Innovaccer, Guardant Health, Mulesoft, Navan, Netskope, Nutanix, Rubrik, Sharechat, Snap, OYO Ultima Genomics and more. Lightspeed and its global team currently manage $25B in AUM across the Lightspeed platform, with investment professionals and advisors in the U.S., Europe, India, Israel, and Southeast Asia. www.lsip.com