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Wealthtech startup PowerUp Money has secured $7.1 Mn (INR 60.7 Cr) in a seed funding round co-led by Accel, Blume Ventures and Kae Capital.
The round also saw participation from 8i Ventures, DeVC and a host of angel investors.
The startup plans to use the fresh capital to boost its product development, strengthen investment intelligence engine and to scale up its advisory offerings.
Launched in 2024 by Uni Cards’ cofounder Prateek Jindal, PowerUp Money helps its customers to manage their mutual fund portfolios with the same discipline and insights that top advisors bring in a simplified and tailored platform through its flagship offering Power Mutual Funds.
The startup claimed that Power Mutual Funds is already tracking over INR 3,000 Cr in assets across 25,000 customers.
“We want to empower every investor with the right research and tools, in a way that’s simple and effortless. Getting the right advice at the right time compounds not just your money, but also your confidence as an investor,” Jindal said.
Apart from this, the platform also has a premium offering called PowerUp Elite, which offers deep research and curated portfolio guidance without the high fees of traditional wealth managers. The membership designed for serious investors is priced at just INR 999 per year.
(The story will be updated soon.)
The post Wealthtech Startup PowerUp Money Bags $7.1 Mn From Accel, Blume, Others appeared first on Inc42 Media.
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