Sanctum Wealth raises ₹78 cr from Xander Group
Summary
The Mumbai-headquartered wealth management company oversees more than 16,000 crore in high-net-worth client assets and operates across six major cities in India. The investment will be made through Xander’s Singapore-based financial services arm and the funds will be used to strengthen Sanctum’s operating platform and increase its client coverage. Sid Yog, Founder of The Xander Group, Inc., said, “We are big believers in the structural opportunities being created in the Indian financial services space by a young, upwardly mobile, and entrepreneurial population, against the backdrop of deepening reforms and positive regulatory change. We admire what Shiv and his team have built at Sanctum, demonstrating keen entrepreneurial hunger and alignment of interests with shareholders, attributes we believe are critical to succeed in this sector but are not easy to find together. We are thus very pleased to make this investment and look forward to helping Shiv and the Sanctum team achieve their next phase growth goals rapidly."
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