Wealth Platform Centricity Secures US$29.4 Million In Series A Funding

Gurugram-based wealth management startup Centricity has successfully raised ₹2.8 billion, approximately US$29.4 million, in a Series A funding round. The investment was led by the SMBC Asia Rising Fund, with participation from existing investors including Lightspeed India Partners, Burman Family Office, and others. This capital injection marks a significant milestone for the company, which has been scaling its operations since its founding in 2022.

Centricity operates a B2B2C assisted wealth platform that serves high-net-worth individuals, family offices, and retail investors. The company currently manages over ₹160 billion in assets and works with more than 20,000 partners across 66 cities. The fresh funding is earmarked for expanding its technology infrastructure and wealth distribution capabilities, both within India and in international markets, while also enhancing services for non-resident Indian clients.

With this new capital, Centricity plans to accelerate its growth trajectory and solidify its presence in the competitive wealth management space. The company's focus on assisted wealth management, combined with its extensive partner network, positions it well to capture a larger share of the growing wealth management market. By the end of the next fiscal year, the startup aims to scale its private wealth business and further integrate its technology stack to provide more comprehensive financial services to its diverse client base.