Nivesh, a digital wealth tech platform, has announced its acquisition of Wealthzi, a wealth management platform run by Lime Internet Private Limited. This acquisition is part of Nivesh’s plan to become a full-service platform offering investment and insurance solutions.
Expanding Reach and Capabilities
By acquiring Wealthzi, Nivesh aims to extend its services to a broader range of customers, including affluent individuals and high-net-worth individuals (HNIs). This move will also enhance Nivesh’s ability to provide comprehensive wealth management services. Both platforms will combine their expertise to create a stronger user experience and operational synergies.
The combined entity will manage assets worth Rs 2,500 crore, and they aim to reach Rs 10,000 crore in assets over the next three years.
This acquisition allows us to broaden our product offerings and leverage the expertise of Wealthzi’s team to grow faster and become an industry leader.
Anurag Garg, Founder and CEO of Nivesh
CEO’s Statement on the Acquisition
Anurag Garg, Founder and CEO of Nivesh, shared his excitement about the deal, stating, “We are thrilled to bring Wealthzi into our platform. This acquisition allows us to broaden our product offerings and leverage the expertise of Wealthzi’s team to grow faster and become an industry leader.”
Growth and Technological Edge
Founded in 2016 by Anurag Garg and Sridhar Srinivasan, Nivesh uses AI-powered technology to deliver top-tier wealth management services. The platform already serves over 60,000 clients across 6,000 pin codes in India. Nivesh has received funding from well-known investors like IAN Fund and LetsVenture.
Wealthzi’s Contribution
Wealthzi, established in 2020 by PV Sahad and Pradeep Pillai, manages over Rs 500 crore in assets. The platform offers various investment options, including Mutual Funds, PMS, and Bonds. Its strong direct-to-consumer approach complements Nivesh’s business-to-business-to-consumer (B2B2C) model.
The combined platforms will enhance wealth services for India’s growing investor community, creating a stronger presence in the country’s fast-growing wealth management market.
