Wealthtech startup ZFunds has raised Rs 25 crore ($3 million) in a funding round led by Elevation Capital, with participation from Yashish Dahiya, CEO of PB Fintech Group. This marks the company’s first significant institutional investment.

ZFunds plans to use the funds to expand its distribution network and enhance its technological capabilities.

Founded in 2019 by Manish Kothari and Vidhi Tuteja, ZFunds offers services such as asset performance tracking, recommending new financial products, and assisting clients with fund redemptions.

The platform also equips agents with comprehensive research insights, enabling them to better understand financial markets and improve their services.

Based in Gurugram, the company claims a customer base of approximately 60,000, supported by over 10,000 agents.

Indian wealth tech startups, including Neo, Dezerv, Centricity, Stable Money, Fisdom, InvestorAi, and Wealthy, have collectively raised over $200 million across 13 deals since October last year.

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