wordpress blog stats
Connect with us

Hi, what are you looking for?

FundsIndia raises $11M from Faering Capital and existing investors

Chennai-based Wealth India Financial Services (WIFS), the company behind online investment services platform FundsIndia.com, has raised Series C funding worth $11 million led by Faering Capital and follow on investments from existing investors Foundation Capital and Inventus Capital Partners, reports VCCircle. FundsIndia will use the funds to expand its online financial services across the country and add to its service offerings, with a focus on mobile platforms. As part of the deal, Faering Capital’s Sameer Shroff and Aditya Parekh will join the board of FundsIndia, and Ashu Garg of Foundation Capital and Parag Dhol of Inventus Capital will continue to be on the board with the founders of FundsIndia. About 3 years ago, FundsIndia had raised Rs 20 crore from Foundation Capital and Inventus Capital, which was supposed to be used for customer base expansion and enhancing the company’s online platform with new products and services. In 2010, it had raised Rs 3 crores in Series A round of funding from Inventus Capital Partners. Kanwal Rekhi and Parag Dhol had joined the founders on the board of the company at that point. Founded by C R Chandrasekar and Srikanth Meenakshi in 2008, FundsIndia is an online investment services platform that caters to retail investors for investments in mutual funds, equities, corporate deposits and equity investment. It offers mutual funds from all AMCs, stocks and ETFs from BSE, fixed deposit products from companies, Reliance MyGold Plan and other services. It also allows users to link their bank accounts with investment options like mutual…

Please subscribe/login to read the full story.
Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ