Centricity raises Rs 280 Cr in Series A round led by SMBC Asia Rising Fund

Gurugram-based wealth management company Centricity has raised Rs 280 crore (approximately $30 million) in its Series A funding round, led by SMBC Asia Rising Fund. Existing investors, including Lightspeed India Partners, Burman Family Office, RAAY Investments, Stride Venture and Innoven Capital, also participated in the round. Entrackr had exclusively reported about the deal in May this year. Centricity had earlier raised $4 million in 2022 and $18 million in 2024. The company plans to expand its operations in India and international markets, including through its GIFT City and DIFC-based offerings. The fresh funds will be used to improve its technology platform, expand its distribution network and grow its private wealth and NRI businesses. Centricity plans to add more than 50 private bankers in India and 35-40 NRI bankers. Founded in 2022, Centricity provides wealth management services to financial advisors, family offices and high net worth individuals. Its businesses include One Digital, Invictus Private Wealth and Centricity Global Private Client. The company offers investment products such as mutual funds, insurance, bonds, PMS, AIFs and global investment options. Centricity currently manages more than Rs 15,000 crore in assets under management. It works with over 20,000 partners and one lakh investors and serves more than 250 family offices. The company has a team of over 800 employees and expects to generate more than Rs 150 crore in revenue in FY27. Centricity’s op…