AssetPlus, a platform for mutual fund distributors (MFD), has raised ₹175 crores in a funding round led by Nexus Venture Partners.
The fresh capital will be used to deepen AssetPlus’ technology stack, expand product offerings, and strengthen initiatives that support holistic wealth management.
AssetPlus enables MFDs manage clients end-to-end while removing operational and compliance friction in the background. The platform works with more than 18,000 Mutual Fund Distributors across India and manage ₹7,250 crore in assets under management (AUM).
The round also saw participation from Eight Roads Ventures and Rainmatter by Zerodha.
“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,