Powerup Money Crunchbase Company Profile Funding

Bonisiwe Shabane

-Dec 28, 2025, 2:02 AM

Listen to this article in summarized format (Catch all the Technology News News, and Latest News Updates on The Economic Times.) PowerUp Money has raised a total funding of $19.1M over 2 rounds. Its first funding round was on Jun 11, 2025. Its latest funding round was a Series A round on Dec 22, 2025 for $12M. 6 investors participated in its latest round, lead by Peak XV Partners.

PowerUp Money has 5 institutional investors including Accel, Kae Capital and Blume Ventures. Blume Venture is the largest institutional investor in PowerUp Money. PowerUp Money, a mutual fund advisory wealthtech platform, has raised $12 million in Series A funding round led by Peak XV along with participation from existing investors Accel, Blume Ventures, and Kae Capital. The round also saw continued backing from 8i Ventures and DevC, and came just six months after the company raised $7.2 million in seed funding. The proceeds will be utilized to strengthen its research and advisory capabilities, scale PowerUp Elite, launch PowerUp Infinite, and invest in financial literacy and investor education initiatives, PowerUp Money said in a press release. Founded in 2024 by Prateek Jindal, PowerUp Money aims to build a research-led, zero-commission mutual fund advisory platform to make high-quality, unbiased investment advice accessible to millions of Indians at a fraction of traditional...

As a SEBI-registered Registered Investment Advisor (RIA), the platform ensures that recommendations remain fully aligned with investors’ long-term wealth creation goals. According to the Bengaluru-based startup, its app enables users to review their mutual fund portfolios free of cost and assess portfolio health and performance. The startup’s flagship offering PowerUp Elite delivers personalized mutual fund advisory directly through the app for an annual fee of Rs 999. The subscription covers fund selection, portfolio reviews, rebalancing, asset allocation, and end-to-end portfolio guidance backed by institution-grade research. The company plans to launch PowerUp Infinite, a fully managed investment advisory product offering dedicated 1:1 advisory, goal planning, and personalized investment strategies delivered in a transparent and unbiased manner. Together, PowerUp Elite and PowerUp Infinite will form a comprehensive advisory stack, spanning app-first personalized guidance to fully managed wealth solutions led by expert advisors.

PowerUp Money raised $12 million in a Series A funding round led by Peak XV, as the Bengaluru-based wealthtech startup looks to scale its mutual fund advisory business. Existing investors Accel, Blume Ventures, and Kae Capital participated in the round, alongside 8i Ventures and DevC, the company said in a statement on Monday. The funding comes about six months after PowerUp Money raised $7.2 million in a seed round. The startup plans to use the fresh capital to expand its research and advisory capabilities, scale its paid products, and invest in financial literacy initiatives. Founded in 2024 by Prateek Jindal, PowerUp Money operates as a zero-commission mutual fund advisory platform, and is registered with the Securities and Exchange Board of India as a Registered Investment Advisor. The company positions itself as offering research-led and unbiased advice, charging users a subscription fee rather than earning commissions from fund manufacturers.

The startup said that access to high-quality advice has not kept pace with this growth, leaving many investors reliant on informal guidance or short-term performance metrics. PowerUp Money, a mutual fund advisory wealthtech platform, has raised $12 million (about Rs 107.4 crore) in a Series A funding round led by Peak XV, with participation from existing investors Accel, Blume Ventures... The round also saw continued backing from 8i Ventures and DevC, and comes just six months after the startup raised $7.1 million in seed funding. Founded in 2024 by Prateek Jindal, the Bengaluru-based startup is building a research-led, zero-commission mutual fund advisory platform focused on providing unbiased investment advice at significantly lower costs than traditional models. PowerUp Money operates as a SEBI-registered Registered Investment Advisor (RIA), a structure it says ensures advisory recommendations remain aligned with long-term investor outcomes rather than product commissions. The startup wil use the raised capital to strengthen its research and advisory capabilities, scale its flagship subscription product PowerUp Elite, launch a new fully managed offering called PowerUp Infinite, and expand initiatives focused...

PowerUp Money has raised $12 million in Series A funding as it looks to scale access to high-quality, unbiased mutual fund advisory across India. The round was led by Peak XV, with existing investors Accel, Blume Ventures, and Kae Capital doubling down on their earlier commitments. The funding comes just six months after the Bengaluru-based wealthtech platform raised $7.2 million in seed capital, underlining strong investor confidence in its early traction and business model. India’s mutual fund ecosystem has expanded rapidly over the past decade, with nearly 60 million investors now participating and SIP inflows at record highs. However, access to credible, long-term investment advice has not scaled at the same pace. Many investors continue to rely on informal guidance or short-term performance cues, often at the cost of long-term wealth creation.

PowerUp Money aims to bridge this gap through a research-led, zero-commission advisory approach. Founded in 2024 by Prateek Jindal, PowerUp Money operates as a SEBI-registered Registered Investment Advisor (RIA), ensuring its recommendations remain aligned with investors’ interests. The app allows users to review mutual fund portfolios free of cost and assess overall portfolio health. Within eight months of launch, the platform has onboarded over 5 lakh users and is currently tracking more than ₹65,000 crore in assets. The company’s flagship subscription offering, PowerUp Elite, provides personalised mutual fund advisory for an annual fee of ₹999, covering fund selection, portfolio reviews, rebalancing, asset allocation, and ongoing guidance backed by institutional-grade research. Since launch, PowerUp Elite has attracted over 25,000 paid members, making it one of the fastest-growing subscription-led mutual fund advisory products in the country.

With the fresh capital, PowerUp Money plans to strengthen its research and advisory teams, scale PowerUp Elite, and roll out PowerUp Infinite, a fully managed advisory service offering 1:1 advisory, goal planning, and customised... Over the next three years, the company aims to onboard 10 million users while deepening its role in shaping the future of retail wealth management in India. Finance Outlook India Team | Wednesday, 11 June 2025 Wealthtech startup PowerUp Money has raised $7.1 million in its first institutional funding round, led by Accel, Blume Ventures, and Kae Capital, with participation from 8i Ventures and DeVC. The proceeds will be used to strengthen its research team, build new advisory products, and scale customer acquisition efforts. Also Read: PV Sindhu-backed Better Nutrition Eyes Rs.

100 Crore Revenue In FY27 Founded in April by Prateek Jindal, Ex-Cofounder of Uni Cards, PowerUp Money helps users manage their finances with tools like "Power Age," which shows when they can achieve financial freedom and how much they... It offers direct mutual fund investments with advisory support to retail investors via its mobile platform.

Powerup Money Crunchbase Company Profile Funding

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Listen To This Article In Summarized Format (Catch All The

PowerUp Money Has 5 Institutional Investors Including Accel, Kae Capital

As A SEBI-registered Registered Investment Advisor (RIA), The Platform Ensures

PowerUp Money Raised $12 Million In A Series A Funding

The Startup Said That Access To High-quality Advice Has Not