Nexedge Capital Nets $20 Mn To Scale HNI Wealth Management Platform

Wealth management startup Nexedge Capital has raised $20 Mn (₹191.4 Cr) in its maiden funding round co-led by Mirae Asset Venture Investment and Elev8 Venture Partners. 

The startup, which offers bespoke financial services like investment planning, portfolio management, estate planning, to India’s HNIs, UHNIs, families and corporates, plans to utilise the fresh capital to strengthen its tech stack, expand network of senior bankers and its India footprint. 

A portion of the funds will also go into building out complementary offerings such as a dedicated NRI proposition, an NBFC business, among other initiatives. 

“Our maiden raise marks an important milestone in Nexedge’s journey… This capital gives us the ability to accelerate our banker onboarding, deepen distribution across the country, and offer our conflict-free Net Worth advisory to more families,” Nexedge Capital founder Anirudha Taparia said.

Launched in 2025 by ex-360 ONE Wealth executivesTaparia, Sidhartha Shaw, Vijeeta Sharma and Pankaj Walia, the wealth management and multi-family office platform claims to have crossed $3 Bn in assets under management (AUM) and over $5 Bn in assets under administration. 

Over the eighteen months of its operations, the startup claims to have  grown its clientele to over 1,300 families, presence across 12 locations, and grown its employee base to over and banker base to 95.

This is Elev8 Venture Partners’ second major investment since it closed its maiden ₹1,400 Cr fund in September 2025. Prior to the Nexedge investment, the VC firm led investment asset servicing startup Dovetail Capital’s ₹100 Cr Series A round in July.

“India’s HNI and UHNI wealth pool is at the start of a multi-decade compounding cycle. Wealth management rewards patience, and trust is earned over market cycles, not quarters. Nexedge stands out for its structural clarity, the depth of its founding team, and its ability to build client trust at a pace few platforms in this space have matched,” Elev8’s managing partner Navin Honagudi noted.

To note, startups providing wealth management services to UHNIs is emerging as a niche segment of sorts in the Indian fintech ecosystem. Besides Dovetail Capital, Nexedge, wealth management startup CREST also came out of stealth recently and raised $3.1 Mn in a pre-seed funding round in June. Meanwhile, ex-Share.Market CEO Ujjwal Jain left PhonePe earlier this year to launch an AI platform, Atyx.AI, in the wealth management segment back in July.

The India wealth management market is scaling at a significant rate, with projections of it breaching the $436 Bn mark by 2034. The HNI segment is emerging as a key mover in this space, with the number of Indian millionaires projected to double to 18 Lakh by 2030 from 9 Lakh today, as per UBS Global Wealth report.

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