Wealthtech startup AssetPlus raises Rs 175 crore in funding from Nexus VP, existing investors

Wealthtech startup AssetPlus has raised Rs 175 crore, or about $19.3 million, in a new funding round led by Nexus Venture Partners. Existing investors Eight Roads Ventures and Rainmatter Fund also took part in the round.

The Chennai-based startup said the fresh capital will be used to strengthen its technology platform and expand its product offerings.

AssetPlus had earlier raised $12.9 million from investors including InCred Capital.

Founded in 2016 by Vishranth Suresh and Awanish Raj, AssetPlus offers a digital platform for mutual fund distributors and investors. The platform helps users manage investments through digital workflows and technology-based tools. It includes features such as ONDC integration and AI-led advisory solutions. Over time, AssetPlus has expanded beyond mutual funds.

The startup now offers insurance products such as term and health plans, along with fixed deposits and retirement-focused products. In the next six months, the company plans to launch portfolio management services and allow customers to invest in global markets through GIFT City.

AssetPlus claims that it currently works with more than 18,000 mutual fund distributors across India. Through this network, the startup manages assets worth over Rs 7,250 crore and runs a monthly SIP book of more than Rs 100 crore. It also claims to serve over 1.5 lakh customers, most of whom are retail investors. Typical customer portfolios range between Rs 5 lakh and Rs 2 crore, while average SIP investments are around Rs 10,000 to Rs 12,000 per month.

For the financial year ended March 2025, AssetPlus reported revenue of about Rs 33.9 crore and a net loss of Rs 21 crore.

“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,” AssetPlus cofounder and CEO Vishranth Suresh said.