Wealthtech Startup Centricity Bags $20 Mn From Lightspeed, Others To Build GenAI Modules

Wealthtech Startup Centricity Bags $20 Mn From Lightspeed, Others To Build GenAI Modules

SUMMARY

The Gurugram-based startup plans to deploy the fresh proceeds to scale up its technology stack, streamlining sales and for strategic acquisitions

Founded in 2022, Centricity offers plug-and-play solutions for IFA professionals looking to make the transition to the wealth management space

So far, the company claims to have scooped up $24 Mn in total funding round

Wealthtech startup Centricity has raised $20 Mn (around INR 166 Cr) in its seed funding round, led by Lightspeed, at a valuation of $125 Mn (around INR 1,049 Cr).

The round also saw participation from Paramark Ventures, along with a clutch of family offices and angel investors, including Burman family office, NB Ventures family office, MS Dhoni family office, MMG group family office, Action Tesa family office, Aakash Chaudhry (former executive at Aakash Institute), Ritesh Agarwal (OYO’s founder and CEO) and Vishal Dhupar (NVIDIA Asia South’s managing director), among others.

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