Centricity Secures Rs 280 Crore Series A Funding for Wealth Tech Expansion

The Gurugram-based wealth tech startup will use the capital to scale its private banking operations and expand into GIFT City and Dubai.

The Bottom Line

•Centricity raises Rs 280 crore in a Series A funding round.
•The firm plans to hire nearly 90 bankers and expand internationally.

[The Event: Massive Capital Inflow]

Gurugram-based wealth management startup Centricity has successfully raised Rs 280 crore in a Series A funding round. The investment was led by SMBC Asia Rising Fund, with additional participation from existing backers including Lightspeed India Partners, Burman Family Office, RAAY Investments, Kuldeep Rathi Family Office, Stride Ventures, and InnoVen Capital. The company plans to deploy the capital to scale its private wealth platform and enhance client services.

[The Why: Expanding NRI and Domestic Operations]

Founded in 2022 by Manu Awasthy, Centricity provides technology and investment infrastructure to independent financial advisers while offering wealth management services to affluent clients. The firm currently manages over Rs 15,000 crore in assets with a network exceeding 20,000 partners. The fresh capital will allow the company to hire over 50 private bankers for domestic operations and 35 to 40 specialized bankers targeting non-resident Indian clients.

[What Next: International Hub Expansion]

Alongside domestic hiring sprees, the funds will support the expansion of Centricity's technology platform and operations within GIFT City and the Dubai International Financial Centre. Industry watchers will observe how effectively the startup scales its independent financial adviser network across these key financial jurisdictions before Q4 FY27.

Pulse Intelligence

^{Context & Impact}

Context & Background

Centricity was established in 2022 to provide backend technology infrastructure and investment services to independent financial advisers across India.
The wealth management sector in India has experienced increased institutional funding as digital platforms capture rising affluent retail investments.

Key Consequences

Centricity will hire more than 85 total private bankers to expand domestic operations and non-resident Indian client segments.
The startup will scale its technological operations within GIFT City and the Dubai International Financial Centre.

Market & Economic Impact

Private wealth technology sector sentiment receives a boost, reflecting continued investor confidence in Indian B2B fintech infrastructure startups.

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