India’s wealthtech ecosystem witnessed a significant surge in funding over 2024 and 2025, with startups raising $634 million across 51 deals involving 39 firms, reflecting strong investor interest and growing consumer adoption of digital wealth management solutions.
Once largely catering to high-net-worth individuals, wealthtech is now increasingly targeting the middle class, driven by rising incomes, digital adoption, and improving financial literacy. Startups such as Neo, Smallcase, Dezerv, Syfe, and Groww emerged as the top beneficiaries, collectively raising $374 million, nearly 59% of the total funding during the period.
Mumbai-based Neo led the pack with $112 million across four rounds, followed by Singapore headquartered Syfe, which secured $80 million, while Dezerv raised $72 million. Bengaluru based Groww and StockGro raised $50 million and $60 million, respectively. Large-ticket deals included Syfe’s $53 million round and Smallcase’s $50 million Series D led by Elev8 Venture Partners.
The sector also witnessed five mergers and acquisitions, including Groww acquiring Fisdom, CRED entering wealth management via Kuvera, and InCred Money acquiring Stocko. These consolidations indicate a growing trend of strategic expansion in India’s wealthtech space.
Active investors during this period included MUFG, Premji Invest, Z47 (Matrix Partners), Elevation Capital, Peak XV Partners, Accel, Bertelsmann India Investments, and Lightspeed, among others, supporting both early-stage and follow-on rounds.
Despite the strong growth, wealthtech firms face behavioral and operational challenges, including nurturing trust with clients, managing wealth relationships, and expanding beyond the elite base. However, the sector’s momentum highlights India’s rapidly evolving wealth management landscape and the increasing role of technology-driven, data-led solutions in shaping how young Indians plan, save, and build long-term wealth.
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