Gurugram-based wealth management company Centricity has raised Rs 280 crore (approximately $30 million) in its Series A funding round, led by SMBC Asia Rising Fund. Existing investors, including Lightspeed India Partners, Burman Family Office, RAAY Investments, Stride Venture and Innoven Capital, also participated in the round. Entrackrhad exclusivelyreportedabout the deal in May this year. Centricity had earlier raised $4 million in 2022 and $18 million in 2024. The company plans to expand its operations in India and international markets, including through its GIFT City and DIFC-based offerings. The fresh funds will be used to improve its technology platform, expand its distribution network and grow its private wealth and NRI businesses. Centricity plans to add more than 50 private bankers in India and 35-40 NRI bankers. Founded in 2022, Centricity provides wealth management services to financial advisors, family offices and high net worth individuals. Its businesses include One Digital, Invictus Private Wealth and Centricity Global Private Client. The company offers investment products such as mutual funds, insurance, bonds, PMS, AIFs and global investment options. Centricity currently manages more than Rs 15,000 crore in assets under management. It works with over 20,000 partners and one lakh investors and serves more than 250 family offices. The company has a team of over 800 employees and expects to generate more than Rs 150 crore in revenue in FY27. Centricity’s operating revenue rose more than threefold to Rs 61.26 crore in FY25 from Rs 19.02 crore in FY24. Its loss also widened to Rs 31.72 crore from Rs 9.31 crore during the same period. The company’s FY26 revenue could not be ascertained. According to data compiled by Entrackr, Indian wealthtech startups raised over$634 millionacross 51 deals involving 39 startups in 2024 and 2025. In 2026 so far, Neo GroupraisedRs 350 crore ($36.3 million) in a fresh funding round led by existing investor Peak XV Partners. Veriqus GroupraisedRs 387 crore (around $40 million) in a funding round led by Norwest Venture Partners. In early 2026,AssetPlussecured $19.3 million, Wint Wealth raised $28 million, Sahi bagged $33 million in a Series B round, and Bachatt closed a $12 million Series A round led by Accel. Meanwhile, Jiraaf is also in the process of raising additional capital through an extended Series B round. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
