Wealthtech firm PowerUp Money raised $10 million in a round led by Flourish Ventures. The company, founded in 2024 by Prateek Jindal, offers mutual fund advisory services to retail investors. It now has over 1.5 million customers tracking portfolios worth Rs 2.5 lakh crore on its platform to grow further.
PowerUp Money was founded in 2024 by Jindal, who had previously cofounded Uni Cards. It offers mutual fund advisory services to retail investors, at time when the Indian mutual fund industry is seeing record SIP inflows. The company has more than 1.5 million customers tracking portfolios worth over Rs 2.5 lakh crore on its platform.
Wealthtech firm PowerUp Money has raised $10 million in a round led by Flourish Ventures to expand its AI-led wealth management offerings, as it looks to bring personalised investment advisory to a wider base of investors.Existing investors Peak XV Partners, Accel, Blume Ventures, Kae Capital, 8i Ventures, and DeVC also participated in the round, which valued the company at $73 million, founder and CEO Prateek Jindal told ET.The company's last