The wealthtech company ZFunds has raised Rs 25 crore ($3 million) in its first significant institutional fundraising round, which was headed by Elevation Capital and included participation from PB Fintech group CEO Yashish Dahiya.
ZFunds claims that the money raised will be utilized to improve its technical skills and expand its distribution network.
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ZFunds was established in 2019 by Manish Kothari and Vidhi Tuteja. They monitor asset performance, recommend new products to their customers, and assist them with fund redemption.
The platform offers these agents comprehensive research information that might enhance their comprehension of the financial markets.
With around 10,000 agents, the Gurugram-based company says it serves about 60,000 consumers.
Since October of last year, 13 deals have raised over $200 million for Indian wealthtech businesses, including Neo, Dezerv, Centricity, Stable Money, Fisdom, InvestorAi, and Wealthy, according to TheKredible.
About ZFunds
ZFunds is on a mission to democratize Investments. A lot has been done to make financial products accessible to people. However, it still remains an urban concept. We will make quality financial advice accessible and approachable across Bharat.
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