Wealth India Financial Services, promoters of FundsIndia.com, has raised Rs 20 crore in a second round investment.
FundsIndia is an online financial services transaction platform for retail customers focusing on mutual funds.
The Silicon Valley-based venture capital firm Foundation Capital has invested nearly 75 per cent of the fresh investment. The balance amount was a follow up investment from the current investors Inventus Capital, said the company’s CEO, Mr C.R. Chandrasekar.
The investment will be used to grow the business both in terms of expanding the customer base and enhancing the online platform with new products and services, he told newspersons.
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