Wealth management firm Nexedge Capital raises $20M
Nexedge Capital said it will use this funding for enhancing its tech platform, hiring, and to come out with new offerings.
New Delhi-based wealth management firm Nexedge Capital has successfully raised $20 million in its inaugural funding round, with Mirae Asset Venture Investment and Elev8 Venture Partners taking the lead. The capital will be utilized to enhance its technology infrastructure, broaden its roster of senior bankers, and extend its reach into Tier II and III cities across India.
Additionally, the company intends to introduce new offerings, such as a specialized proposition for Non-Resident Indians (NRIs) and an Non-Banking Financial Company (NBFC) business, as stated in a company press release.
Nexedge Capital, founded by Anirudha Taparia in February 2025, provides a range of services including portfolio management, estate planning, business expansion, and global mobility, all customized to the distinct objectives of each family. Taparia previously served as the co-founder and joint CEO of 360 ONE Wealth. In the statement, Taparia highlighted that the initial funding marks a crucial juncture in Nexedge's growth trajectory.
He further emphasized that the backing from institutional investors reaffirms their conviction that the firm is uniquely positioned to become India's first comprehensive net-worth management firm, managing the entire balance sheet of a family, not just its investible surplus.
As of the latest update, Nexedge has managed assets worth $3 billion across more than 1,300 clients in the past 18 months and has onboarded over 95 senior bankers, with an additional 50-60 expected to join the team in 2026. The decision to invest in Nexedge was driven by their ownership model, where over 150 senior leaders have invested their own capital, showcasing a long-term commitment and alignment with the company's vision.
Mirae Asset Venture Investment CEO Puneet Kumar and Navin Honagudi, Managing Partner at Elev8 Venture Partners, commended Nexedge for its structural clarity and the depth of its founding team, recognizing the potential for significant growth as India's High Net Worth Individual (HNI) and Ultra High Net Worth Individual (UHNI) wealth pool is poised to experience a multi-decade compounding cycle.
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