Wealthtech platform AssetPlus has raised Rs 175 crore (approximately USD 19.5 million) in a growth-stage funding round led by Nexus Venture Partners, while existing investors Eight Roads Ventures and Rainmatter Fund also participated alongside InCred Group founder Bhupinder Singh, according to media reports citing the company.
The Chennai-based startup will use the newly raised capital to strengthen its technology platform, expand its product suite, and accelerate the scale-up of its distributor-led assisted wealth management model. Additionally, over the next six months, AssetPlus plans to introduce Portfolio Management Services (PMS) and enable global investment offerings through Gift City.
Founded in 2016, AssetPlus operates a B2B2C platform that empowers mutual fund distributors to handle onboarding, transactions, compliance, and portfolio servicing for end customers. At present, the company supports more than 18,000 mutual fund distributors, manages assets exceeding Rs 7,250 crore, administers an SIP book of over Rs 100 crore per month, and serves upwards of 150,000 retail investors across India.
CEO Vishranth Suresh stated that the fundraise comes at a time of growing demand for advice-led investing, as retail investors increasingly seek guidance beyond DIY platforms, particularly amid market volatility and the rising complexity of financial products. Typically, AssetPlus’ retail clients maintain portfolios ranging between Rs 5 lakh and Rs 2 crore, while contributing average monthly SIPs of Rs 10,000–Rs 12,000.
“We are building wealth management infrastructure that combines human advice with technology-led scale. This capital allows us to accelerate that vision alongside investors who believe in strengthening India’s wealth ecosystem for the long term,” said Vishranth Suresh, co-founder and CEO of AssetPlus.
“AssetPlus is building long-term infrastructure for assisted wealth management, which is critical to India’s financial future. Their integrated approach across technology, products, and capability building positions them to create lasting impact,” said Anand Datta, Partner, Nexus Venture Partners.
“As India adds more new investors, we also need to find ways to help them do better with decisions when it comes to investing. The AssetPlus team has always focused on enabling MFDs the right way. They think for the long term, and that is what our ecosystem also needs,” said Nithin Kamath, Co-founder, Rainmatter by Zerodha.
Beyond mutual funds, the company has steadily diversified into insurance, fixed deposits, and retirement-oriented solutions. Meanwhile, CTO Awanish Raj emphasised plans to embed AI-driven capabilities to enhance workflows, risk evaluation, and client engagement, positioning the platform as a “copilot” for advisors rather than a replacement.
According to data from Tracxn, AssetPlus reported revenue of Rs 33.9 crore and a net loss of Rs 21 crore for the financial year ended March 2025. Nevertheless, the startup aims to turn profitable within the next two years and ultimately reach 100 million Indian households by 2047.
Nexus Venture Partners’ Anand Datta said AssetPlus is creating “long-term infrastructure for assisted wealth management” that could generate sustained impact across India’s broader financial ecosystem.
