Waterfield Advisors, an impartial wealth advisory and multi-family workplace has raised $18 million in a funding spherical led by Jungle Ventures, a enterprise capital fund managing belongings over $1 billion.
This funding marks a major milestone in Waterfield’s journey because it continues to scale its pioneering, client-centric wealth advisory proposition in India.
Since its inception in 2011, Waterfield has grown quickly and now advises on over $5 Billion in belongings on behalf of ~375 consumer teams throughout seven strategic places within the nation.
The contemporary capital will likely be deployed to reinforce the agency’s expertise infrastructure, develop its presence throughout key monetary hubs, and deepen consumer engagement throughout varied segments inside India’s prosperous demographic.
The deal includes major and secondary transactions, with a major infusion of $15 million. Ernst & Younger LLP (EY) acted because the unique advisor to the transaction.
Commenting on the event, Soumya Rajan, Founder and CEO of Waterfield Advisors, stated: “From the outset, transparency, integrity and client-centricity have been on the coronary heart of all the pieces we do at Waterfield Advisors. Past enterprise households, this fundraise allows us to increase our proposition to a broader viewers of founders, professionals and ladies, whereas additionally increasing our presence into India’s tier-2 and tier-3 cities and to key markets abroad catering to the World Indian.
We’re delighted to welcome Jungle Ventures as a strategic associate on this journey. Their experience in serving to firms scale their imaginative and prescient and construct lasting firms resonates with our core values. “
Jungle Ventures, recognized for backing high-growth companies throughout Asia, sees this funding as a possibility to capitalise on India’s quickly evolving wealth administration sector.
Commenting on the funding, Arpit Beri, Associate, India Investments at Jungle Ventures, stated, “Unbiased, conflict-free wealth advisory is extra essential than ever. Waterfield’s management on this area positions them uniquely for the subsequent part of development, and we’re thrilled to again their imaginative and prescient”.
With India’s UHNI and HNI inhabitants increasing quickly, the demand for impartial and conflict-free wealth advisory companies is at an all-time excessive. Waterfield Advisors has pioneered institutionalising fee-based, holistic wealth and funding advisory companies, making certain purchasers obtain clear and unbiased wealth administration options.
