MF News FundsIndia sells majority stake to WestBridge Capital

FundsIndia sells majority stake to WestBridge Capital

Manish Gadhvi to lead its B2B business.

Nishant Patnaik Aug 22, 2023

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Wealth India Financial Services which runs an investment platform FundsIndia.com has sold its majority stake to private equity player, WestBridge Capital, said a communication sent to their distribution partners.

The company has appointed Manish Gadhvi as the new CEO of its B2B business. Prior to this, Manish was associated with NJ India for over 20 years.

The company will utilize the funding to expand its B2B business by increasing number of branch offices to extend support to distribution partners.

Wealth India Financial Services manages AUM of over Rs.8600 crore as on March 2022.

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