PowerUp Money | $10M (~₹95 Cr)

Bengaluru wealthtech startup PowerUp Money has raised $10M (about ₹95 crore) in a round led by Flourish Ventures, with its existing investors returning. The company describes the money as an extension of its December 2025 Series A and says most of it will go into an AI-powered wealth manager.

The round

PowerUp Money announced the $10M (₹95 crore) round on 3 November 2026. Flourish Ventures led it. Existing backers Peak XV Partners, Accel, Blume Ventures, Kae Capital, 8i Ventures and DeVC participated, according to YourStory and Inc42.

Funds are earmarked for expanding AI-led wealth management, growing the managed advisory business and building personalised financial planning products. The company says the capital gives it about three years of runway as it works toward profitability. A valuation was not stated in the company's announcement; one outlet cited a figure attributed to the Economic Times that other coverage did not confirm, so it is not reported here.

The round follows a $12 million Series A in December 2025 led by Peak XV Partners, per YourStory's coverage. The company's LinkedIn announcement also lists a $7.1M seed in June 2025.

What PowerUp Money does

PowerUp Money began as a zero-commission mutual fund advisory service and is moving into broader financial planning. Prateek Jindal, who co-founded card issuer Uni Cards, is its founder and CEO. The product range now includes:

• PowerUp Elite, a mutual fund advisory subscription.
• Elite Prime, a digital advisory service with an AI wealth coach and personal assistant.
• Infinite, a managed wealth service that combines financial planning, multi-asset allocation and dedicated adviser support.

The company says more than 15 lakh customers use the platform to track mutual fund portfolios worth over ₹2.5 lakh crore, and that PowerUp Elite has more than 1 lakh paid members, up from 25,000 at the Series A. It also says Infinite reached nearly ₹500 crore in assets under management in about nine months. These figures are company claims.

"We started by making high-quality investment advice accessible to every Indian." — Prateek Jindal, CEO, PowerUp Money

The investors

Flourish Ventures, the lead, is a venture investor focused on financial services and financial health. Peak XV Partners led the Series A. Accel, Blume Ventures, Kae Capital, 8i Ventures and DeVC are earlier backers.

Why it matters

The company says it plans to extend beyond mutual funds into stocks, ETFs, portfolio management services and alternative investment funds for retail investors. Its pitch is that AI can lower the cost of personalised advice, a model that now sits alongside human-led managed services in the same app. More startups in fintech and AI are testing the same combination, and Bengaluru remains the base for most of them; see more from Bengaluru startups.