FundsIndia to raise Series C soon

Chennai based Online financial service platform, FundsIndia owned by WealthIndia is planning to raise Series C round, per DealCurry’s Sejal Mourya. The company is in talks with few undisclosed investors to meet its capital expenditure, brand building and acquiring new customers in the coming few months.

Earlier, it has secured funding in two rounds viz. Series A (INR 3 crore, 2010) and Series B (INR 20 crore, 2012) by Inventus and Foundation_Capital respectively.

Launched in 2008, FundsIndia is a venture of Srikanth Meenakshi and Chandrasekar. It offers a range of services like gold and insurance, mutual funds, corporate deposits, bonds and equities.

It enables users to compare loans from different institutions, apply for the loan of choice and get assistance with documentation. At present, The company is adopted by 50,000 active investors and 2.5 lakh ragistered users on its platform.

The company is currently having 52 partners in Mutual funds as well as Fixed Deposits with a team of 115 people. The firm provides secure online investment platform through which investors can access stocks and equities at the BSE, invest in tax saving ELSS fund and Gold ETFs.

This platform also helps investors in choosing high NAVs from top performing mutual funds, offered by 41 leading mutual funds companies in india.

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