Wealthtech startup PowerUp Money raises $7.1 million from Accel, Blume, and others in its first institutional funding round to enhance its mutual fund investment platform.

Jun 11, 2025•6 months ago

Amount Raised

$7.1 Million

Round Type

Seed

BengaluruFintech

Investors

De Vc8i VenturesKae CapitalBlume VenturesAccel

Description

Bengaluru-based wealthtech startup PowerUp Money has raised $7.1 million in its first major institutional funding round, led by Accel and Blume Ventures. The venture, founded by Prateek Jindal, offers direct mutual fund investments to retail investors. With a vision to capture the growing Indian mutual fund market, PowerUp Money aims to provide advisory services for clients' investments. This funding will help the startup build a technology-led product to enhance its offerings.

Company Information

Company

PowerUp Money

Location

Bengaluru, Karnataka, India

About

PowerUp Money is a Bengaluru-based wealthtech startup offering direct mutual fund investments to retail investors. Founded by Prateek Jindal, the platform also provides advisory services on mutual fund investments with a registered investment advisor (RIA) license. The firm aims to grow the Indian mutual fund user base by providing technology-led products and quality advisory services. It targets retail investors with manageable investment sizes and plans to strengthen its offerings with the newly raised funds.

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