Bengaluru-based mutual fund advisory platform PowerUp Money raises…

Team S · 2025-12-29T15:17:30.000Z

PowerUp Money, an Indian wealthtech startup building a research-led, zero-commission mutual fund advisory platform, has raised $12 million (about ₹107.4 crore) in a Series A funding round to scale its business, expand advisory offerings and broaden its product suite. The round was led by Peak XV Partners, with participation from existing backers Accel, Blume Ventures and Kae Capital, along with continued support from 8i Ventures and DevC. Founded in 2024 by Prateek Jindal, PowerUp Money operates as a SEBI-registered Registered Investment Advisor (RIA), offering retail investors tools to review and manage their mutual fund portfolios through intuitive app-based insights, from portfolio health checks to personalised recommendations. The fresh capital will be used to strengthen research and advisory capabilities, scale its subscription product PowerUp Elite, launch a new fully managed offering called PowerUp Infinite, and invest in financial literacy and investor education initiatives across India. Within eight months of launch, the platform claims to have onboarded over 5 lakh users and is tracking more than ₹65,000 crore in assets, while its paid PowerUp Elite product has crossed 25,000 subscribers. The company aims to serve millions of investors and deepen its footprint in India’s rapidly growing retail wealth management market over the next three years. #fintech #wealthtech #mutualfunds #SeriesA #funding #PowerUpMoney #PeakXV #Accel #BlumeVentures #KaeCapital #8iVentures #DevC

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Bengaluru-based mutual fund advisory platform PowerUp Money raises… | Newnex