Wealthtech platform Nivesh acquires Wealthzi for undisclosed amount
Wealthtech platform Nivesh has acquired the wealth management platform Wealthzi, operated by Lime Internet Private Limited, for an undisclosed amount.
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Through this acquisition, Nivesh plans to leverage Wealthzi's registered investment advisory (RIA) licence to offer investment advisory services, aiming to broaden its product offerings for affluent and high-net-worth individuals (HNIs), Anurag Garg, founder of Nivesh, told ET.
Garg added that all key employees from Wealthzi will join the Nivesh team, and the Wealthzi brand will continue to operate under Nivesh’s ownership.
Founded in 2020 by PV Sahad, founder of the news website VCCircle, and wealth management professional Pradeep Pillai, Wealthzi is a wealth management platform offering direct mutual fund investments and also managing assets worth Rs 500 crore across mutual funds, portfolio management services (PMS), alternative investment funds (AIF), bonds, and other financial products.
Nivesh, founded in 2016 by Garg and Sridhar Srinivasan, is a tech-driven wealth management platform offering AI-powered investment solutions in mutual funds, insurance products, fixed deposits, and other wealth management services.
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