India Wealthtech Scene Heats Up - PowerUp Money Raises $12M in Series A Led by Peak XV

Posted on December 22, 2025 at 08:20 PM

💰 India’s Wealthtech Scene Heats Up: PowerUp Money Raises $12M in Series A Led by Peak XV

In a strong signal that India’s wealthtech sector is gaining serious investor interest, Bengaluru-based startup PowerUp Money has secured $12 million in a Series A funding round, with Peak XV Partners leading the charge and prominent early backers like Accel, Blume Ventures, Kae Capital, 8i Ventures, and DevC doubling down on their support. (Business Standard)

Launched in 2024 by founder Prateek Jindal, PowerUp Money is carving out its niche as a digital advisory platform for retail mutual fund investors — a segment of India’s investing population that’s expanding rapidly thanks to rising SIP (Systematic Investment Plan) participation and broader financial adoption. (Business Standard)

The fresh capital reflects continued investor confidence in the company’s mission to democratize high-quality, research-driven investment guidance — and to do so on a zero-commission basis. As part of its growth strategy, PowerUp plans to boost its research and advisory teams, scale its flagship subscription product “PowerUp Elite”, and introduce a higher-touch managed advisory service called “PowerUp Infinite.” (Moneycontrol)

Despite being a relatively new entrant, PowerUp is already showing strong early traction. The platform enables users to review portfolio health and performance at no cost, and has amassed hundreds of thousands of users and tens of thousands of paid subscribers who trust its institutional-grade insights. The company also holds a Registered Investment Advisor (RIA) licence, which allows it to charge for advice in a regulated framework. (The Economic Times)

With this Series A funding — closed just six months after a $7.2M seed round — PowerUp is aiming for a 10 million user base over the next three years, signaling big ambitions in an increasingly competitive wealthtech landscape that includes other well-funded players. (Business Standard)


📘 Glossary

  • Wealthtech – Fintech companies that use technology to deliver wealth management and investment services.
  • Series A Round – An early stage of venture capital funding that helps startups scale beyond initial product development.
  • Mutual Funds – Investment vehicles that pool money from multiple investors to buy diversified portfolios of stocks, bonds, or other securities.
  • RIA (Registered Investment Advisor) – A licensed entity or individual permitted to provide investment advice to clients in exchange for a fee.
  • SIP (Systematic Investment Plan) – A method of investing a fixed amount regularly into mutual funds, popular in India.

Source: https://www.techinasia.com/news/peak-xv-backs-indian-wealthtech-powerup-money-in-12m-round (Business Standard)