Mumbai-based Orowealth, a fintech company and zero commission direct mutual fund platform, has raised $1.6 million in Series A funding. This round of funding was led by Powerhouse Ventures with participation by Money Forward Inc., one of the largest publicly listed fintech companies in Japan; a prominent US VC Social Capital, under their Capital as a Service program; B Dash Ventures, one of the largest VCs in Japan; and other prominent angel investors including Anand Chandrsekaran, ex CPO Airtel and Dinesh Agarwal, Founder Indiamart.