Online mutual fund distributors and robo advisors are increasingly catching the fancy of private equity players. While Rs 150 crore has been invested into the likes of scripbox, arthyantra, fundsindia and 5nuance, more are in the offing.
Faering Capital, Foundation Capital and Inventus Capital Partner have invested in fundsindia, WFA Global in Arthyantra, scripbox has funding from Accel Partners and a group of angel investors, and 5nance too has been funded by angel investors.
