AssetPlus Closes $19.5 Million Growth Round

AssetPlus has raised $19.5 million in a growth funding round led by Nexus Venture Partners with participation from existing investors Eight Roads Ventures and Rainmatter. The Chennai-based company operates a digital infrastructure platform that serves over 18,000 mutual fund distributors across India. This capital infusion follows a previous funding round and will be used to deepen the company technology stack and broaden its product offerings.

While mutual fund distribution remains the core focus, AssetPlus has expanded into health and term insurance, fixed deposits, and retirement products. The company plans to introduce portfolio management services and global investment options within the next six months to provide a more comprehensive system for its partners.

This transaction highlights the continuing momentum within the Asian wealth management sector and specifically the Indian market. AssetPlus provides the technology for mutual fund distributors who utilize the platform to manage over $860 million in assets for approximately 150,000 retail investors.

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