FundsIndia said that Westbridge Capital’s investment in the company, coupled with its expertise and network, will enable the former to significantly enhance its investment offerings
FundsIndia provides users access to mutual funds from various fund houses in the country, stocks from the BSE and NSE, corporate fixed deposits, and various other investment products
FundsIndia, which has raised a total funding of $16.6 Mn till date, currently claims to have 25 Lakh customers and over 10,000 Cr of assets under management
US-based investment firm Westbridge Capital has reportedly picked a majority stake in digital investment platform FundsIndia for an undisclosed amount.
FundsIndia, in a statement, said that Westbridge Capital’s investment in the company, coupled with its expertise and network, will enable the former to significantly enhance its investment offerings and pursue expansion plans to further strengthen its position as one of the most trusted financial services brands in India.
Inc42 has reached out to FundsIndia for more information on the deal. The story will be updated on receiving a response from the company.
Founded in 2009, FundsIndia provides users access to mutual funds from various fund houses in the country, stocks from the BSE and NSE, corporate fixed deposits, and various other investment products. As per publicly available data, FundsIndia has raised a total of $16.6 Mn in funding till date.
The company currently claims to have 25 Lakh customers and over 10,000 Cr of assets under management.
FundsIndia also announced that Manish Gadhvi has joined the platform as chief executive officer of its B2B partner business.
The platform is now reportedly looking to build a pan-India omnichannel experience to support independent financial advisors (IFAs) and their institutional partners.
