India, Dec. 26 -- Peak XV leads the round, with participation from Accel, Blume Ventures, and Kae Capital
Bengaluru : PowerUp Money, a mutual fund advisory wealthtech platform, today announced that it has raised $12 million in Series A funding, led by Peak XV, with participation from existing investors Accel, Blume Ventures, and Kae Capital, who doubled down on their earlier commitments. The round also saw continued backing from 8i Ventures and DevC, and comes just six months after the company raised $7.2 million in seed funding.
India has witnessed a sharp rise in mutual fund adoption over the past decade, with nearly 60 million investors now participating in mutual funds and SIP inflows at an all-time high. However, access to high-quali...