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ZFunds raised Rs 25 crore in a Series A funding round led by Elevation Capital to enhance its technology platform for wealth management services.

PRIVATEDec 03, 2024

Amount Raised

₹250 Million

Round Type

Series A

GurugramFinancial ServicesFintech

Investors

Yashish DahiyaElevation Capital

Description

Gurugram-based wealthtech startup ZFunds has secured Rs 25 crore in equity funding in its first major institutional funding round. The funding was led by Elevation Capital, with participation from PB Fintech’s Yashish Dahiya.

Quick answer

ZFunds raised ₹250 Million in a Series A round, dated December 3, 2024. Investors: Yashish Dahiya and Elevation Capital. ZFunds is based in Gurugram, Haryana, India.

How much did ZFunds raise?
ZFunds raised ₹250 Million in a Series A round on December 3, 2024.
Who invested in ZFunds?
Yashish Dahiya and Elevation Capital are named as investors in this round.
What does ZFunds do?
ZFunds is a Gurugram-based wealthtech startup founded in 2019 by Manish Kothari and Vidhi Tuteja.
Where is ZFunds based and how big is it?
ZFunds is based in Gurugram, Haryana, India.
Who are the decision-makers at ZFunds?
Fundz holds 1 contact at ZFunds. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Fintech around the same time

Companies in the same sectors as ZFunds that raised within 45 days of this round, from Fundz verified event records.

  • 1Money raised $20M (Seed) on January 17, 2025.
  • Nilus raised $10M (Funding Round) on January 16, 2025.
  • Olé Life raised $13M (Series B) on January 16, 2025.
  • Brickken raised $2.5M (Seed) on January 15, 2025.
  • Juno AI raised $1M (Seed) on January 15, 2025.
  • Reown raised $13M (Series B) on January 15, 2025.

Who to call at ZFunds, and when

A new round usually means ZFunds is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

ZFunds

Location

Gurugram, Haryana, India

About

ZFunds is a Gurugram-based wealthtech startup founded in 2019 by Manish Kothari and Vidhi Tuteja. It aims to empower traditional offline distributors in the mutual fund industry by providing a technology platform that helps them improve sales and servicing. The platform allows clients to track asset performance, suggest new products, and facilitate funds redemption. This funding round marks ZFunds' first major institutional investment, capturing attention in a growing industry.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

ZFunds raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.