India, Dec. 22 -- Wealthtech startup PowerUp Money has raised $12 Mn (about INR 107 Cr) in its Series A funding round led by Peak XV Partners. The round also saw participation from existing investors Accel, Blume Ventures and Kae Capital, 8i Ventures, and DeVC.

The round, which comprised entirely of primary capital, comes just six months after the Bengaluru-based startup raised $7.1 Mn in its seed round.

The startup plans to use the fresh capital to strengthen its research team, scale its paid advisory product PowerUp Elite, and launch a high-touch managed advisory offering PowerUp Infinite.

Founded in 2024 by Prateek Jindal, PowerUp Money is a SEBI-registered investment advisor offering a research-led, zero-commission mutual fund advi...