Mumbai, Aug. 25 -- Nexedge Capital, a wealth-management and multi-family office firm led by former 360 ONE executive Anirudha Taparia, has raised $20 million in its maiden funding round, led by Mirae Asset Venture Investment and Elev8 Venture Partners.

"The investment round values Nexedge Capital at about close to a quarter of a billion dollars (around $250 million)," Taparia, the founder and chief executive officer (CEO) of the firm, told Mint in an interview.

He emphasised that India's growing wealth pool presents a large opportunity for Nexedge. "This is a rare opportunity to build India's first true net-worth management firm-one that manages the entirety of a family's balance sheet rather than only its investible surplus," he added....