Nexedge Capital raises $20 million at $250 million valuation

Mumbai: Nexedge Capital, a wealth-management and multi-family office firm, has raised $20 million in its maiden funding round. The round was co-led by Mirae Asset Venture Investment and Elev8 Venture Partners, and values the firm at about $250 million. The company was founded by former 360 ONE Wealth executive Anirudha Taparia.

The startup plans to use the capital to strengthen its technology, expand its senior banker network, and extend its footprint across India, including tier-2 and tier-3 cities. Launched in February 2025, Nexedge has scaled to more than $3 billion in assets under management within 18 months, serving over 1,300 clients. It has onboarded more than 95 senior bankers, with another 50 to 60 expected to join in 2026.

Investors pointed to India's growing pool of wealthy clients. Elev8 managing partner Navin Honagudi said India's HNI and UHNI wealth pool is at the start of a multi-decade compounding cycle. Mirae Asset CEO Puneet Kumar cited the firm's ownership model, where over 150 senior leaders have invested their own capital.