Conceptualised and founded by IIT Delhi, IIT Roorkee, and ISB Hyderabad Alumni, Wealthy Nivesh aims to provide a personalised investment experience through its digital platform. The round is led by family offices, C-Suite professionals, and NRIs based out of Gulf and USA. The capital will be used strategically to enhance their digital platform and product offerings.
What makes Wealthy Nivesh unique is its personalised approach. The firm designs a holistic money plan by understanding an individual’s money situation and then ideates a customised portfolio that helps the individual seek his/her investments. In doing so, Wealthy Nivesh helps an individual grow their money in a scientific manner.
Wealthy Nivesh strikes the right chord and aims to solve a challenge that has been long overlooked. As of January 2023, India is the most populated country – and financial literacy is a challenge across age groups. Wealthy Nivesh is targeting the problem of under-penetration of investment products in the country. As per RBI household savings data for FY21-22, only 9% of savings go into direct equity & mutual funds against 27% in Fixed Deposits.
The founding team comes with cumulative work ex of 20 plus years in managing wealth assets worth ₹500 crores+ across India and Global Markets (UAE).
As of today, their MVP is live and they are already managing 50+ crores of investment AUM across 400+ clients in less than 2 months of being fully operational.
The company is offering pre-curated baskets in Mutual Funds for different customer profiles and investment objectives. Portfolio Baskets are built based on an in-house quantitative and qualitative model. Baskets can be availed by investing as less as Rs 10000 per month in SIP. Investors can start their lumpsum or SIP investments in Mutual Funds digitally (paperless) from any part of the world.
Outlook reached out to their angel investors and clients to gather their thoughts:
Mr. Narendra Shah, an Angel Investor, leading Industrialist, and one of the angel investors in Chaayos expressed his praise for Wealthy Nivesh and said, “I have been impressed by the passion with which Ankit and Aditya are addressing the problem. Their solution is not only holistic but very practical also. The strong pedigree of IIT and ISB, and extensive industry experience convinced me to invest into their idea.”
Mr. Rohit Dsouza, a leading NRI banker based out of Dubai, “Wealthy Nivesh is solving a problem that requires innovative solutions from the new players in the market. I have been a client as well as angel investor in Wealthy Nivesh, and am impressed with the way they establish connect with their clients.”
One can visit their website to know more about their services.