India, Aug. 25 -- Wealth management startup Nexedge Capital has raised $20 Mn (Rs.191.4 Cr) in its maiden funding round co-led by Mirae Asset Venture Investment and Elev8 Venture Partners.

The startup, which offers bespoke financial services like investment planning, portfolio management, estate planning, to India's HNIs, UHNIs, families and corporates, plans to utilise the fresh capital to strengthen its tech stack, expand network of senior bankers and its India footprint.

A portion of the funds will also go into building out complementary offerings such as a dedicated NRI proposition, an NBFC business, among other initiatives.

"Our maiden raise marks an important milestone in Nexedge's journey. This capital gives us the ability to ac...