Wealthtech startup ZFunds has raised Rs 25 crore (USD 3 million) in its first major institutional funding round, led by Elevation Capital, with participation from PB Fintech Chief Executive Officer Yashish Dahiya. The company plans to use the proceeds to scale its distribution network and strengthen its technical capabilities.
Founded in 2019 by Manish Kothari and Vidhi Tuteja, ZFunds offers a platform that tracks asset performance, recommends new financial products, and assists clients with fund redemptions. The platform also provides agents with in-depth research insights to enhance their understanding of the financial markets.
Based in Gurugram, ZFunds serves around 60,000 customers through a network of over 10,000 agents. The funding round highlights the growing interest in the Indian wealth tech space, where startups such as Neo, Dezerv, Centricity, and others have raised over USD 200 million across 13 deals since October last year, according to TheKredible.
