1. Centricity, a wealthtech startup, has raised $9 million in a Series A funding round led by Lightspeed Ventures. The startup aims to provide personalized investment solutions and advisory services to individuals and families. The funding will be used to expand Centricity's team, enhance its technology, and drive customer acquisition.
2. Centricity was founded in 2020 by Amit Khandelwal, Varun Khandelwal, and Vivek Sharma, who have previous experience in the financial services industry. The startup uses a data-driven approach to understand its clients' financial goals and risk preferences, and then creates tailored investment portfolios for them.
3. The wealthtech industry in India has seen significant growth in recent years, with several startups offering digital investment and wealth management services. Centricity's funding round highlights the increasing investor interest in this sector, as more individuals seek personalized financial solutions to manage their wealth effectively.