The WealthTech market — digital platforms offering wealth management, investment advisory, and trading — continues to evolve rapidly in 2025. Groww’s IPO, renewed funding momentum, and big new venture announcements are driving fresh energy in wealth-tech deal-making.
NMSC Views:
The global WealthTech Market is predicted to reach USD 71.59 billion by 2030 with a CAGR of 25.5% from 2025-2030. As a market research firm, we at NMSC, analyze three landmark developments from late 2025 to reveal how capital is flowing, valuations are anchoring, and innovation is reaching beyond metros. These signals point to a maturing yet highly competitive landscape ripe for consolidation and geographic expansion.
How is Groww’s IPO Rewriting WealthTech Valuations in India?
Groww’s ₹7,000-crore IPO, concluded on November 7, 2025, and listed on November 12 at an $8 billion valuation with over 17× oversubscription, has become the definitive bellwether for the Indian WealthTech sector. The offering followed a $250 million pre-IPO round from GIC in July at a $7 billion valuation.
The IPO has immediately catalyzed a wave of fresh funding conversations:
- AssetPlus (Chennai-based mutual fund distributor platform) → seeking $18 million (potential $108 million valuation).
- Sahi (founded by ex-Swiggy CTO Dale Vaz) → in talks for $10–15 million.
- PowerUpMoney (Uni Cards spin-out) → discussing $8–10 million with Peak XV.
- StableMoney (fixed-income focused) → targeting $20–25 million after earlier $40 million round (last valued $128 million in May).
- Wint Wealth (alternative debt) → in discussions for $15–20 million with Vertex Ventures.
Recent closes include Dezerv’s $40 million round (co-led by Premji Invest and Accel) and Dhan reaching unicorn status with $120 million from Hornbill Capital in October.
From a market research perspective, Groww’s successful listing provides the first public-market anchor in years, ending valuation uncertainty that had frozen many deals since 2023. Investors now have a clear benchmark, accelerating both primary and secondary transactions. This is driving upward re-rating across Series B–D WealthTech companies in India and intensifying M&A appetite, evidenced by Groww’s own acquisition of Fisdom ($150 million).
Groww’s IPO has unequivocally unlocked the next phase of Indian WealthTech.
- It establishes public-market pricing discipline.
- It triggers a funding surge across sub-sectors.
- It accelerates consolidation and secondary liquidity events.
Can Project Drone Become the WealthTech Platform for India’s Next 100 Million Investors?
Fintech veteran Prabhakar Tiwari, former Chief Growth Officer at Angel One, is launching Project Drone—a new WealthTech venture strategically backed by Share India Securities. The platform targets emerging affluent and mass affluent investors in Tier 2–4 cities with vernacular-first interfaces, behavioral finance algorithms, and institutional-grade tools adapted for retail use.
Key differentiators include an integrated suite covering investment, trading, lending, and advisory on a modular, next-generation tech stack. Tiwari emphasizes solving access and education barriers rather than building flashy features. Share India provides institutional-grade trading technology, in-house development capabilities, and regulatory credibility. Beta launch is planned for later 2025.
This launch signals a clear strategic play: with many existing brokers focused on metros, Project Drone’s vernacular + behavioral approach could help it penetrate Tier 2–4 markets. According to Express Computer, it brings institutional-grade tools, modular architecture, and a next-gen stack — potentially validating a shift in WealthTech toward more regionally tailored, full-feature platforms.
Project Drone is engineered to serve India’s next wealth wave.
- It prioritizes Tier 2–4 penetration with vernacular and behavioral tools.
- It leverages Share India’s institutional infrastructure for speed-to-market.
- It intensifies competition in the mass-affluent segment previously dominated by traditional distributors.
Why did Endowus Just Raise Over $70 Million, and What Does it Mean for Asian WealthTech Dominance?
Singapore-headquartered Endowus, Asia’s leading independent digital wealth platform, closed over $70 million in fresh capital on October 22, 2025, led by Illuminate Financial with participation from Prosus Ventures, Citi Ventures, and prominent Asian family offices. Total funding now exceeds $130 million. Client assets have surpassed $10 billion, with over $1 billion in net investment gains delivered.
Hong Kong operations recorded 150% client growth and threefold asset increase in the past year, driven by high-net-worth demand for alternatives (hedge funds, private markets). The capital will fund deeper AI integration, enhanced retirement/pension solutions, new B2B offerings for advisers and external asset managers, and entry into additional Asian markets.
From a market-research perspective, Endowus’ $70M+ round — backed by major institutional investors — reinforces the strength of its fee-only, conflict-free model. Its geographic expansion and deepening of advisory and AI capabilities could accelerate cross-border WealthTech growth in Asia.
Endowus’ funding round reinforces Asia’s WealthTech leadership trajectory.
- It achieves $10 billion+ AUM with pure digital, fee-only model.
- It records 150% Hong Kong client growth in one year.
- It positions the company for multi-market dominance via AI and B2B expansion.
WealthTech Highlight
Date (2025)
Key Metric/Development
Market Signal
Groww IPO
Nov 7–12
₹7,000 Cr at $8B valuation, 17× oversubscribed
Valuation anchor for Indian ecosystem
Project Drone Launch
Late 2025 beta
Backed by Share India, Tier 2–4 focus
Mass-affluent segment opening up
Endowus Funding
Oct 22
$70m+ (total >$130m), $10B+ AUM
Institutional validation of fee-only model in Asia
Next Steps: Actionable Takeaways for WealthTech Stakeholders
- Re-anchor Valuations Immediately — Use Groww’s $8 billion listing as the new public comp for Indian WealthTech companies updating pitch decks before year-end.
- Prioritize Tier 2–4 and Vernacular Strategies — Metro-only models will face margin compression; allocate 20–30% of growth budget to regional language and behavioral-science features.
- Evaluate B2B Partnership Opportunities — Platforms like Endowus and Share India-backed ventures are actively seeking adviser and asset-manager channels—ideal for traditional firms seeking digital distribution without building in-house.
- Prepare for Consolidation Wave — With public and late-stage liquidity now visible, 2026 will see accelerated M&A; review strategic fit of portfolio companies now.
- Double Down on Alternatives & Pension Tech — Endowus’ Hong Kong success (150% growth) proves demand; launch or white-label private-market and retirement solutions within 12 months.
About the Author
Prakhyat Chowdhury is a dedicated SEO Executive and Content Writer with strong expertise in digital marketing and organic growth strategy. With a keen understanding of search algorithms, keyword research, and on-page optimization, he focuses on creating high-impact content that strengthens online visibility and drives measurable engagement. Prakhyat combines analytical thinking with creative execution, ensuring every piece of content aligns with user intent and business objectives. Outside of his professional pursuits, he enjoys exploring new technologies, following market trends, and engaging in activities that fuel continuous learning and creativity. The author can be reached out at info@nextmsc.com.
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