Wealth First Acquires Majority Stake in Wealth First Advisors
Wealth First Portfolio Managers has acquired a controlling stake in Mumbai-based Wealth First Advisors Pvt. Ltd. at an equity valuation of ₹102.15 crore. The deal strengthens its presence in India’s largest wealth management market and increases the combined assets under management to nearly ₹9,000 crore.
Dovetail Capital secures ₹100 crore in Series A
Mumbai based asset servicing firm Dovetail Capital has raised ₹100 crore in a Series A funding round led by Elev8 Venture Partners. Dovetail Capital will use the fresh capital to expand its global business as demand grows for independent financial infrastructure serving cross-border investors.
Choice International and NH Investment & Securities Establish Strategic Partnership.
Choice International Limited financial services groups, announced a strategic partnership with NH Investment & Securities Co., Ltd. a leading South Korean financial institution and subsidiary of NH Financial Group, through an investment of ₹9000 Million in Choice Equity Broking Private Limited the Broking & Wealth Management arm of Choice.
This strategic investment marks a significant milestone in Choice’s growth journey and reflects the confidence of NH Investment & Securities (NHIS), one of South Korea’s leading financial institutions, in Choice’s vision of building a next-generation financial services platform in India
Fincart launches AI-powered investment app
Wealth-tech startup Fincart has launched a new AI-powered investment app. It offers goal-based financial planning and lets users invest in mutual funds, digital gold, unlisted stocks, and more—all in one place. The app also helps users plan, track, and manage their finances with personalized recommendations
Founded in 2013 by Tanwir Alam, Fincart Finvest is a technology enabled financial planning and wealth management platform.
