ZFunds Raises INR 25 Crore in Seed Funding to Strengthen Wealthtech Platform

ZFunds, a Gurugram-based wealthtech startup, has successfully raised INR 25 crore (approximately USD 3 million) in its seed funding round, with Elevation Capital leading the investment. The round also saw the participation of Yashish Dahiya, CEO of PB Fintech, marking a significant milestone for the company.

Founded in 2019 by Manish Kothari and Vidhi Tuteja, ZFunds is revolutionizing the wealth management space with its innovative platform that enables users to track asset performance, receive personalized financial product recommendations, and facilitate fund redemptions.

Manish Kothari, Co-founder and CEO of ZFunds, shared insights into the evolving landscape of mutual fund distribution, stating, “Financial advisory and mutual fund distribution is no longer a one-person job. Advisors must swiftly adapt to key aspects such as personalized advice, technology, regulatory compliance, and in-depth product research. Today’s customers are knowledgeable and demand these services as their financial portfolios grow.”

ZFunds aims to further strengthen its platform by leveraging the latest funding to expand its distribution network and enhance its technology capabilities. The company currently serves over 60,000 clients and provides its network of more than 10,000 agents with detailed market research and insights to improve their expertise in the financial sector.

This funding round is a testament to the growing momentum in India’s wealthtech industry, with other platforms like Neo, Dezerv, and Centricity raising over USD 200 million in recent months. ZFunds is well-positioned to tap into the rapidly expanding wealth management market in India, making financial services more accessible and efficient for individuals across the country.

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