Whalesbook
Wealthy, a wealth-tech startup, has raised ₹130 crore led by Bertelsmann India Investments. The company is strategically empowering mutual fund distributors (MFDs) with AI tools, challenging the rise of direct-to-consumer DIY investing apps. MFDs still manage approximately 80% of India’s mutual fund assets. This funding will enhance Wealthy's AI platform, streamline MFD operations like KYC and compliance, and expand its reach to more advisors.