Wealthtech platform Nivesh acquires Wealthzi

Wealthtech platform Nivesh has acquired Wealthzi, a wealth management platform operated by Lime Internet Private Limited.

Nivesh, co-founded in 2016 by Anurag Garg and Sridhar Srinivasan, aims to deliver enhanced customer outcomes through AI-driven technology and support. With 60,000 clients across 6,000 Indian pin codes, it is backed by IAN Fund, LetsVenture, and prominent industry leaders, including Basab Pradhan, Rahul Gupta, and Dipak Gupta.

Wealthzi, co-founded in 2020 by PV Sahad and Pradeep Pillai, brings over 20 years of experience in managing assets for HNIs, UHNIs, and family offices. Currently, it manages over Rs. 500 crore in assets across mutual funds, PMS, AIFs, bonds, and other asset classes. Recently, it obtained an RIA license from SEBI to enhance its offerings and provide advisory services.

This acquisition enables Wealthzi to leverage Nivesh’s technology platform to enhance user experience and scale its business. Both firms will benefit from synergies in products, research, and operations. The combined entity will now have an AUM of Rs. 2,500 crore, with a target of reaching Rs. 10,000 crore in assets within the next three years.

According to Wealthzi, combining its direct-to-consumer wealth service with Nivesh’s distribution platform will create a formidable wealth alliance to serve India’s rapidly growing investor base.