PowerUp Money Bags $12 Mn To Expand Mutual Fund Advisory

▤ Summary

PowerUp Money raised $12 million in a Series A round led by Peak XV Partners, with participation from several existing investors. The company will use the capital to grow its research team, scale PowerUp Elite, and launch a managed advisory product called PowerUp Infinite. PowerUp Money offers a SEBI-registered, research-led mutual fund advisory platform that helps users review portfolios and get personalized guidance without earning commissions from asset managers. The company says it already has over 500,000 users, 25,000 paid subscribers, and annualized revenue of about INR 2.5 crore. It also plans to add direct mutual fund buy and sell execution inside the app.

$ Funding

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