Prime Highlights
- Wealth manager holds over Rs 15,000 crore in assets across 20,000 partners, one lakh investors and 250 family offices.
- Centricity to onboard over 50 private bankers and 35 to 40 NRI bankers, backed by GIFT City and DIFC expansion.
Key Facts
- Firm to expand technology, distribution and its private wealth and NRI banking teams.
- Centricity closes Rs 280 crore Series A round with SMBC Asia Rising Fund as lead investor.
Background
Gurugram-based Centricity has closed a Rs 280 crore Series A round, roughly $30 million, with SMBC Asia Rising Fund leading the investment. Lightspeed India Partners, Burman Family Office, RAAY Investments, Stride Ventures and Innoven Capital returned as backers in this round.
Centricity will direct the new funds toward upgrading its technology platform, broadening its distribution reach and scaling both its private wealth and NRI verticals.
The wealth manager intends to onboard over 50 private bankers within India, alongside 35 to 40 bankers dedicated to NRI clients. Beyond India, the firm is targeting growth in international markets, building on its existing GIFT City and DIFC platforms.
Launched in 2022, Centricity works with financial advisors, family offices and high net worth individuals via three business units, One Digital, Invictus Private Wealth and Centricity Global Private Client. Its product shelf covers mutual funds, insurance, bonds, PMS, AIFs and global investment avenues.
The firm’s asset base has crossed Rs 15,000 crore, and its network extends to over 20,000 partners, one lakh investors and more than 250 family offices. Staff strength has grown past 800, and Centricity is targeting revenue above Rs 150 crore for FY27.
Operating revenue jumped over threefold to Rs 61.26 crore in FY25, up from Rs 19.02 crore in FY24. Losses for the same period rose to Rs 31.72 crore from Rs 9.31 crore a year earlier. Prior to this round, Centricity had raised $4 million in 2022 and $18 million in 2024.
Startups in India’s wealthtech space raised a combined $634 million across 51 deals through 2024 and 2025. Recent rounds this year include Neo Group, Veriqus Group, AssetPlus, Wint Wealth, Sahi and Bachatt, each closing fresh capital.