Centricity, a three-year-old wealth management startup backed by Lightspeed, raised ₹280 crore in a Series A funding round led by SMBC Asia Rising Fund, the company announced today. The capital injection aims to support the platform's B2B2C distribution expansion and growth of its global NRI wealth business, according to livemint.com.
The funding round saw participation from multiple investors, with Centricity reporting nearly 200% business growth over the past year. The startup currently manages assets under management (AUM) exceeding ₹15,000 crore. The fresh capital will be deployed to scale its distribution platform and broaden its international offerings for non-resident Indians.
This round marks a significant milestone for Centricity in the competitive wealthtech sector, where firms are increasingly focusing on digital solutions for wealth management. The company expects its revenue to surpass ₹150 crore in the financial year 2027, reflecting strong market demand and investor confidence. The deal highlights growing interest in platforms targeting NRI wealth management and B2B2C models.
Centricity’s latest funding round was disclosed on August 13, 2026, with plans to leverage the capital for strategic growth. The company’s AUM of over ₹15,000 crore positions it among notable players in the Indian wealthtech space, setting a benchmark for future fundraising and expansion activities.