AssetPlus has raised ₹175 crore (around $21 million) in a funding round led by Nexus Venture Partners. The company said the funds will be used to invest in technology upgrades, expand its product coverage and support its wealth management operations, as per news reports.
The company did not disclose valuation details or the timeline for deploying the capital. The round size was confirmed by the company.
Founded in 2016, AssetPlus was set up by Vishranth Suresh and Awanish Raj. The company operates a technology platform used by mutual fund distributors (MFDs) and financial advisors across India.
Its platform allows distributors to offer mutual funds, insurance products, National Pension System (NPS) and other financial products through a single digital system.
AssetPlus provides tools for client onboarding, transaction processing and portfolio monitoring. The platform connects distributors to multiple asset management companies, allowing them to manage investments digitally.
The company earns revenue through transaction-linked commissions. It does not charge distributors or investors a subscription or platform usage fee, according to company statements.
AssetPlus said it has onboarded over 18,000 distributors on its platform. These distributors together manage more than ₹7,250 crore in assets under management (AUM).
The platform currently serves around 1.5 lakh investors across different parts of the country. The company did not provide a regional split of its user base.
Before this funding round, AssetPlus had raised $3.6 million from investors including Eight Roads Ventures and Rainmatter by Zerodha. Bhupinder Singh is also among its existing investors.
The company said part of the new funding will be allocated to technology work related to automation and internal systems.
The fundraise comes at a time when fintech continues to attract investor interest in India. In 2025, fintech startups raised $2.5 billion across 120 deals, with investment technology among the more active segments.
As per news reports, India’s wealthtech market could reach $95 billion by FY30, supported by an investor base projected to grow to nearly 241 million by 2030.
Read More: Spacetech Startup EtherealX Secures $20 Million in Funding Led by TDK Ventures and BIG Capital!
AssetPlus said the fresh capital will be used to support platform development and product expansion as it continues operations in the mutual fund distribution segment.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 20, 2026, 1:22 PM IST
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