Indian investment advisory firm Arthya Wealth raises $1m pre-Series A

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Wealth management and investment advisory firm, Arthya Wealth & Investments on Tuesday said that it has raised $1 million as a part of its pre-series A funding led by family offices of industrialist Rishi Kumar Bagla (Bagla Group) and technocrat Krishen Lal Khanna (Trenton Investments).

According to the company, the funds will be used for strengthening operations, growing the team, and market expansion.

The year-old entity uses technology to help simplify investments, for customers, while providing them comprehensive reporting and portfolio tracking services.

Arthya Wealth is also looking to introduce portfolio management services on its platform, the company said.

“We are extremely pleased with the firm validation of our platform and approach towards wealth management from marquee investors and clients across the board. Our organization functions with the motto of simplifying investing, Intelligently. Our endeavor is to plug the quality gap in last mile delivery of judicious advice,” said Gaurav Arora, founder and managing director, Arthya Wealth and Investments.

Prior to founding Arthya Wealth in 2020, Arora served as the chief investment officer at Religare Private Wealth. He was also senior vice president of products at IIFL Private Wealth Management.

“Within a very short period, Arthya Wealth has created tremendous value for their clients. Gaurav and his team have demonstrated a winning combination of sharp intellect, knowledge and business acumen. With a very strong understanding of their clients’ needs and their in-depth expertise, Arthya has the potential to make a significant positive impact in this space,” said Rishi Kumar Bagla.

“Arthya team’s commitment towards transparently helping clients make prudent investment decisions, their focus on avoiding the pitfalls of sales pressure and the discernible high quality of investment advice they offer are a few things that struck me about the company. We are excited to be a part of their next phase of growth,” said Krishen Lal Khanna, chairman and managing partner at Trenton Investments company Pvt. Ltd.

Arthya Wealth currently has offices in Mumbai, Indore and Nagpur, and looks to expand to other cities including Delhi NCR, Bengaluru, Pune and Ahmedabad.

The article was first published on livemint.com.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.