Nivesh, a prominent wealthtech platform co-founded in 2016 by Anurag Garg and Sridhar Srinivasan, has successfully acquired Wealthzi, a wealth management service under Lime Internet Private Limited. This acquisition reflects Nivesh’s commitment to enhancing client outcomes with cutting-edge AI technology, solidifying its role as a leader in India’s wealth management space. Backed by IAN Fund, LetsVenture, and respected investors like Basab Pradhan, Rahul Gupta, and Dipak Gupta, Nivesh currently serves 60,000 clients across 6,000 pin codes.
Wealthzi, established in 2020 by PV Sahad and Pradeep Pillai, brings over two decades of expertise in asset management for high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs), and family offices. Managing assets exceeding Rs. 500 crore in mutual funds, PMS, AIFs, bonds, and other financial products, Wealthzi has recently acquired an RIA license from SEBI, further expanding its advisory capabilities.
This acquisition allows Wealthzi to harness Nivesh’s advanced technology platform, aiming to enhance user experience and accelerate business growth. The merger provides both companies with strategic advantages across products, research, and operations. With this alignment, the combined entity now oversees assets totaling Rs. 2,500 crore, with an ambitious target to achieve Rs. 10,000 crore in assets over the next three years.
Wealthzi anticipates that integrating its direct-to-consumer wealth solutions with Nivesh’s distribution network will establish a robust wealth management alliance, better positioned to meet the needs of India’s expanding investor community.