New Delhi, Nov. 24 -- Even as DIY investing apps dominate headlines, a chunk of mutual fund money in India is still routed through human advisers. While popular investing apps such as Zerodha and Groww race to cut out middlemen, there is Wealthy that is making a contrarian, high‑stakes bet on keeping human advisers at the centre of India's wealth‑technology (wealth‑tech) stack.

The Bengaluru-based startup has raised Rs.130 crore in fresh funding, led by Bertelsmann India Investments, to deepen its artificial intelligence (AI)-led platform for mutual fund distributors (MFDs), with participation from existing investor Alphawave Global, new investor Shepherd's Hill and a clutch of tech entrepreneurs.

Instead of going dire...