India, Aug. 13 -- Wealthtech startup Centricity has raised Rs.280 Cr (around $29 Mn) in a funding round led by SMBC Asia Rising Fund, comprising Rs.230 Cr in equity and Rs.50 Cr in venture debt. The round valued the startup at around Rs.1,800 Cr (about $190 Mn)

Existing investors Lightspeed India Partners, the Burman Family Office, RAAY Investments (Amit Patni Family Office), the Kuldeep Rathi Family Office (Ask Automotives Ltd), Stride Ventures, and Innoven Capital also participated in the round.

The Gurugram-based startup plans to use the fresh capital to strengthen its technology stack and expand its B2B2C wealth-distribution platform. It will also deploy the funds to grow its private wealth and NRI client businesses and deepen its p...