PowerUp Money Bags $12 Mn To Expand Mutual Fund Advisory

by · Inc42

SUMMARY

  • PowerUp Money has raised $12 Mn (about INR 107 Cr) in its Series A funding round led by Peak XV Partners. The round also saw participation from existing investors Accel, Blume Ventures and Kae Capital, 8i Ventures, and DeVC
  • The startup plans to use the fresh capital to strengthen its research team, scale its paid advisory product PowerUp Elite, and launch a high-touch managed advisory offering PowerUp Infinite
  • The startup allows users to review their mutual fund portfolios for free using MFCentral data combined with its in-house research. Its app categorises funds as “in form” or “out of form”, giving users a quick view of portfolio performance