Peak XV alum’s Corpus Labs in talks for Stellaris funding

Saksham Mittal's wealthtech startup Corpus Labs is in talks to raise pre-seed funding from Stellaris Venture Partners, sources told Inc42. The startup has disclosed on its website that it has raised $4.2 million in pre-seed funding, but the investors were not named. Mittal, a former Peak XV Partners analyst, cofounded Corpus with ex-Groww executive Ayush Gupta and ex-JPMorgan executive Vineet Shukla.

Corpus offers a read-only financial analysis platform that reviews mutual fund portfolios. Users upload consolidated account statements or connect financial data through the account aggregator framework. The platform identifies cost differences between regular and direct mutual fund plans, overlap among funds, idle bank balances, and deviations from asset allocation. It does not execute investments or recommend funds.

Corpus enters a crowded wealthtech market, where investor interest remains strong. Last week, Centricity raised Rs 280 crore in a Series A round. The Indian wealthtech industry is projected to become a $95 billion opportunity by FY30.