FundsIndia.com, announced that it has raised a third round of investment of Rs 70 crore to support its growth plans. The round was led by Silicon Valley based venture capital firm Foundation Capital with follow-on investments from current investors Inventus Capital Partners.
How do they use these rasied funds?
The investment will be used for growing the business both in terms of expanding the customer base and enhancing the online platform with new products and services.
Launched in 2009, FundsIndia.com is a premier online investment services platform that caters to retail investors across the nation and around the world. Best known for its convenient, zero-cost, advanced mutual fund services, the platform also offers direct equity investing, corporate fixed deposits, and the National Pension System. FundsIndia.com also offers several value-added services like FREE financial advisory services, Flexible SIPs for mutual funds, Smart Solutions for important life goals, trigger-based investing, and so much more.
C.R. Chandrasekar – Founder & CEO
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