ZFunds, a Gurugram-based wealthtech startup, has raised ₹25 crore ($3 million) in its first major institutional funding round.
The investment was led by Elevation Capital, with additional participation from Yashish Dahiya, CEO of PB Fintech Group.
The newly acquired funds will be directed toward expanding the company’s distribution network and enhancing its technical infrastructure, as part of its growth strategy.
About ZFunds:
Founded in 2019 by Manish Kothari and Vidhi Tuteja, ZFunds provides clients with tools to manage investments efficiently. The platform tracks asset performance, offers personalized investment suggestions, and facilitates fund redemptions.
It also equips its network of agents with detailed market research insights to improve their understanding of financial markets.
The startup claims to serve around 60,000 customers through a network of more than 10,000 agents, focusing on democratizing access to financial advisory services.
The Indian wealthtech sector has seen heightened interest, with startups like Neo, Dezerv, Centricity, Stable Money, Fisdom, InvestorAi, and Wealthy collectively raising over $200 million across 13 deals since October 2023.
