Investors fund Indian wealthtech startups as the middle class diversifies investments.
Investors back India's wealthtech startups as growing middle class diversifies investments, challenging traditional financial advisors. Premji Invest & Lightspeed Venture invest in Dezerv & Centricity, Neo secures $35m. Indian wealth management market has 50-55% professional management, with mutual fund AUM-to-GDP at 15% compared to a global average of 75%. Demand for financial services platforms targeting affluent population is expected to grow significantly.
July 08, 2024
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