Now Reading: Centricity Raises ₹280 Cr to Grow Wealthtech, NRI Business
-
01
Centricity Raises ₹280 Cr to Grow Wealthtech, NRI Business
Centricity, a Gurugram-based wealthtech startup, has raised ₹280 Crore (about $29 million) in a funding round led by SMBC Asia Rising Fund. The round includes ₹230 Crore in equity and ₹50 Crore…
The Story in Brief
Centricity, a Gurugram-based wealthtech startup, has raised ₹280 Crore (about $29 million) in a funding round led by SMBC Asia Rising Fund. The round includes ₹230 Crore in equity and ₹50 Crore in venture debt, valuing the company at around ₹1,800 Crore. Existing investors Lightspeed India Partners, the Burman Family Office, and others also participated. The startup was founded in 2022 and offers wealth management solutions to independent advisers, HNIs, and family offices.
Centricity plans to use the fresh capital to strengthen its technology platform and expand its B2B2C wealth-distribution business. It will also grow its private wealth and NRI client operations, based in GIFT City and Dubai. The startup claims to manage assets worth over ₹15,000 Crore and serve more than 20,000 partners and 1 lakh investors. Its operating revenue for FY25 was ₹6.2 Crore, with a net loss of ₹4.4 Crore.
The Indian Opinion
Every wealthtech funding story smells of a gold rush, but the numbers deserve a closer look. Centricity ended FY25 with just ₹6.2 Cr in revenue and a ₹4.4 Cr loss, yet the market values it at ₹1,800 Cr. That is a bet on future promise, not present reality. The real test isn't how much capital it raises, but whether it can turn its 1 lakh investors and 20,000 partners into sustainable profit. Watch its FY27 revenue target of ₹150 Cr.
Source: inc42.com
This story was synthesised by AI from the source linked above.
