Wealthtech Firm Centricity Raises INR 280 Cr in Series A

Centricity, a Gurugram-based wealthtech platform has raised INR 280 crore in its Series A funding round led by SMBC Asia Rising Fund in equity and venture financing. Centricity previously raised USD 4 million in pre-seed funding in 2022, followed by an USD 18 million seed round in 2024.

The startup plans to deploy the fresh capital towards strengthening its proprietary technology stack, expanding its B2B2C wealth distribution platform, accelerating the growth of its private wealth and NRI global private client businesses and deepening its presence across domestic and international markets.

Centricity says it currently manages more than INR 15,000 crore in Assets Under Management (AUM), with 60% of ARR assets. It serves a network of over 20,000 partners, supports more than one lakh investors, and works with over 250 family offices. The company adds it has built a workforce of 800+ professionals and is on track to surpass INR 150 crore in revenue in FY27. Over the past year alone, Centricity says, the business has recorded nearly 200 percent growth.

Manu Awasthy, Founder and CEO, Centricity, said, “This investment is a defining endorsement of Centricity’s vision, business model, and execution. After the early backing of Lightspeed, the partnership with SMBC’s venture capital arm is another strong vote of confidence in what we have built in just three years.

SMBC brings far more than capital, it brings the strength of one of the world’s leading banking groups, strategic banking and credit capabilities, and a long-term partnership that will accelerate our next phase of growth. We are excited to build the future of wealth management together.”

Rajeev Kannan, Senior Managing Executive Officer and Head of India division at SMBC, added, “India’s wealth management industry is entering a transformative phase, supported by three powerful shifts: the growing adoption of financial assets, greater investor sophistication and rising demand for technology-enabled advisory.“

“Centricity has built a differentiated platform that combines deep domain expertise with scalable technology to address these structural opportunities. In a short period of time, the team has demonstrated strong execution and clear momentum. We are excited to partner with Centricity as it builds one of India’s leading tech-led wealth management platforms.”