India’s WealthTech platform Nivesh acquires Wealthzi

By Gloria Mathias

Wealthtech platform Nivesh has acquired Wealthzi, a wealth management platform operated by Lime Internet Private Limited.

This strategic move will enhance Nivesh’s offerings and expand its reach in wealth management for affluent and high-net-worth individuals.

Nivesh, co-founded in 2016 by Anurag Garg and Sridhar Srinivasan, aims to deliver enhanced customer outcomes through AI-driven technology and support. With 60,000 clients across 6,000 Indian pin codes, it is backed by IAN Fund, LetsVenture, and prominent industry leaders, including Basab Pradhan, Rahul Gupta, and Dipak Gupta.

Wealthzi, co-founded in 2020 by PV Sahad and Pradeep Pillai, brings over 20 years of experience in managing assets for HNIs, UHNIs, and family offices. Currently, it operates over Rs. 500 crore in assets across mutual funds, PMS, AIFs, bonds, and other asset classes. Recently, it obtained an RIA license from SEBI to enhance its offerings and provide advisory services.

This acquisition enables Wealthzi to leverage Nivesh’s technology platform to enhance the user experience and scale its business. Both firms will benefit from synergies in products, research, and operations. The combined entity will now have an AUM of Rs. 2,500 crore, with a target of reaching Rs. 10,000 crore in assets within the next three years.

According to Wealthzi, combining its direct-to-consumer wealth service with Nivesh’s distribution platform will create a formidable wealth alliance to serve India’s rapidly growing investor base.

This is an essential step in WealthTech’s journey to becoming a complete solution for our customers and partners’ investment and insurance needs. The Wealthzi team, led by Pradeep Pillai, brings strong experience in wealth management, which will help us serve our customers even better.

Together, Nivesh and Wealthzi are set to create a formidable wealth alliance that will cater to India’s rapidly expanding investor base.