Indian wealth management firm Nexedge Capital raises $20 million in maiden round; plans to expand from 11-12 locations to roughly 22 by year-end

Nexedge Capital, founded by Anirudha Taparia in February 2025, has raised $20 million in its inaugural funding round, primarily from Mirae Asset Venture Investment and Elev8 Venture Partners. The firm, which manages over $3 billion in assets for around 1,300 clients, aims to enhance its technology platform and expand its network of senior bankers.¹

The capital will facilitate the firm's growth strategy, which includes increasing its presence in Tier-II and Tier-III cities and developing new business lines such as a dedicated offering for non-resident Indians and a Non-Discretionary Portfolio Management Service (NDPMS).

Currently operating in 11-12 locations, Nexedge plans to expand to approximately 22 locations by the end of the year. The firm has already onboarded more than 95 senior bankers and anticipates hiring an additional 50-60 by 2026. Nexedge focuses on affluent investors, typically those with at least ₹10 crore in investable assets, providing comprehensive wealth management and multi-family office services, including investments, portfolio management, estate planning, and global mobility.²

Nexedge's strategic expansion reflects its commitment to catering to the growing needs of wealthy clients across India, positioning itself as a key player in the wealth management sector.