SynopsisThe round comprised Rs 230 crore in equity and Rs 50 crore in venture debt, founder and chief executive Manu Awasthy told ET. The funds were raised at a valuation of around Rs 1,800 crore, he said.Gurugram-based wealth management startup Centricity raised Rs 280 crore in a round led by SMBC Asia Rising Fund, as the company looks to scale its private wealth and global private client businesses.The round comprised Rs 230 crore in equity and Rs 50 crore in venture debt, founder and chief executive Manu Awasthy told ET. The funds were raised at a valuation of around Rs 1,800 crore, he said.SMBC was the only new institutional investor in theNow Playing
Wealthtech firm Centricity raises Rs 280 crore funding led by SMBC - The Economic Times
The round comprised Rs 230 crore in equity and Rs 50 crore in venture debt, founder and chief executive Manu Awasthy told ET. The funds were raised at a valuation of around Rs 1,800 crore, he said.
TL;DRAI
Centricity raises Rs 280 crore from SMBC Asia Rising Fund at Rs 1,800 crore valuation for global private client scaling. Round signals India wealthtech consolidation with institutional capital chasing private-wealth upside as fintech matures.
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