Centricity has raised Rs 280 crore, approximately $30 million, in its Series A funding round. The Gurugram-based wealth management company’s round was led by SMBC Asia Rising Fund.
Existing investors, including Lightspeed India Partners, Burman Family Office, RAAY Investments, Stride Venture and Innoven Capital, also participated in the round. Entrackr had reported in May this year that the company was in talks to raise a $30 million round.
Centricity’s funding journey
The Series A follows earlier rounds of $4 million in 2022 and $18 million in 2024. The fresh capital will be used to improve Centricity’s technology platform, expand its distribution network and grow its private wealth and NRI businesses.
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The company plans to add more than 50 private bankers in India and 35-40 NRI bankers as it scales operations across domestic and international markets, including offerings through GIFT City and the Dubai International Financial Centre, or DIFC.
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What Centricity does
Founded in 2022, Centricity provides wealth management services to financial advisors, family offices and high net worth individuals. Its businesses include One Digital, Invictus Private Wealth and Centricity Global Private Client.
The company offers investment products such as mutual funds, insurance, bonds, portfolio management services, alternative investment funds and global investment options.
Scale and financials
Centricity currently manages more than Rs 15,000 crore in assets under management. It works with over 20,000 partners and one lakh investors and serves more than 250 family offices. The company has a team of over 800 employees and expects to generate more than Rs 150 crore in revenue in FY27.
Its operating revenue rose more than threefold to Rs 61.26 crore in FY25 from Rs 19.02 crore in FY24, while its loss widened to Rs 31.72 crore from Rs 9.31 crore during the same period.
Wealthtech funding momentum
The round comes as Indian wealthtech startups continue to attract large cheques. In early 2026, AssetPlus secured $19.3 million, Wint Wealth raised $28 million and Sahi bagged $33 million in a Series B round. Bachatt closed a $12 million Series A round led by Accel, while Jiraaf is in the process of raising additional capital through an extended Series B round.
The round comes as Indian wealthtech startups continue to attract large cheques. Entrackr data shows wealthtech startups raised over $634 million across 51 deals involving 39 startups in 2024 and 2025. In 2026, Neo Group raised Rs 350 crore led by Peak XV Partners, while Veriqus Group raised Rs 387 crore led by Norwest Venture Partners. AssetPlus, Wint Wealth, Sahi and Bachatt have also raised fresh rounds this year, reflecting growing investor interest in India’s wealth management market.