Centricity Series A funding led by SMBC

Centricity, a Gurugram-based technology-first wealth management company, raised Rs 280 crore (approximately $33 million) in a Series A funding round led by SMBC Asia Rising Fund. Existing investors including Lightspeed Venture Partners, Burman Family Office, RAAY Investments, Stride Ventures, and InnoVen Capital also participated. The company plans to use the funds to strengthen its proprietary technology stack, expand its B2B2C wealth distribution platform, accelerate growth in private wealth and NRI global private client businesses, and deepen its presence in domestic and international markets. Founded in 2022, Centricity manages over Rs 15,000 crore in AUM, works with over 20,000 partners, serves over 100,000 investors, and partners with more than 250 family offices. The company previously raised $4 million in pre-seed funding in 2022 and $18 million in a seed round in 2024. Centricity plans to add more than 50 private bankers domestically and 35-40 NRI bankers. The funding round reflects growing investor interest in India's wealth management sector, which is projected to grow significantly. In a separate development, BlueHill Capital announced the final close of its maiden Rs 400 crore fund, with participation from India — Small Industries Development Bank of India and the governments of India — Kerala and India — Uttar Pradesh.