Digital wealth management platform FundsIndia has raised Rs 44.6 crore through its first private placement of secured non-convertible debentures (NCDs), marking its entry into the corporate debt market as it looks to strengthen its technology platform and expand its investment offerings.
The issuance was led by the company's Private Wealth business and saw participation from accredited investors and high-net-worth individuals (HNIs). According to the company, the proceeds will be used to enhance its technology and platform capabilities and broaden the range of investment products offered across its retail, partner and private wealth businesses.
