Centricity, an unlisted wealth management startup, has raised ₹280 crore in a Series A funding round led by SMBC Asia Rising Fund. The capital injection comprises both equity and venture debt to drive platform growth and international expansion. While the company has shown rapid revenue growth, it remains loss-making, and investors should note that it is not publicly traded on the stock exchange.
Centricity, a Gurugram-based wealth management platform, announced a ₹280 crore Series A funding round on August 13, 2026. The investment, led by SMBC Asia Rising Fund, values the company at approximately ₹1,800 crore. This fresh capital is split into ₹230 crore in equity and ₹50 crore in venture debt. Other key participants in the round included Lightspeed India Partners, Burman Family Office, RAAY Investments, Stride Ventures, and Innoven Capital.
It is important for investors to note that Centricity is a private, unlisted company. This means it is not traded on the National Stock Exchange (NSE) or the Bombay Stock Exchange (BSE), and there is no retail stock price to track.
The company serves as a wealth distribution platform for independent financial advisors and family offices. Since its inception in 2022, it has grown its assets under management to over ₹15,000 crore, supporting a network of 20,000 partners and 100,000 investors across 66 cities.
Financial performance shows a pattern typical of many early-stage fintech firms. In the 2025 financial year, the company reported operating revenue of ₹61.26 crore, a significant increase from ₹19.02 crore in the previous fiscal year. However, as the company invests heavily in building its platform and market reach, its losses also widened to ₹31.72 crore in FY25. This highlights that while the business is scaling, it is still working toward consistent profitability.
Centricity plans to use these funds to improve its technology and expand its private wealth and NRI-focused services, both in India and abroad. Part of this strategy involves aggressive hiring, with plans to add over 50 private bankers domestically and another 35-40 bankers focused on NRI clients.
As a wealth-tech firm, Centricity faces several risks that are important to monitor. The company operates under multiple SEBI registrations, making it subject to strict regulatory oversight regarding its advisory and distribution services. Furthermore, its business model is sensitive to market volatility. Since its income is tied to assets under management, any significant downturn in financial markets could impact its fee-based revenue. Additionally, the company faces execution risk; scaling a team and platform quickly requires careful management of expenses to ensure that future growth does not come at the cost of long-term financial stability.