Waterfield Advisors, an independent wealth advisory and multi-family office, has secured $18m in an investment round led by Jungle Ventures.
The funding round is a mix of primary and secondary transactions, with a primary capital injection of $15m.
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This investment is set to bolster Waterfield’s client-centric wealth advisory services, with plans to upgrade technology infrastructure, broaden its footprint in key financial centres, and deepen client relationships within India’s affluent community.
Waterfield Advisors provides wealth management solutions to ultra-high-net-worth individual (UHNI) and high-net-worth individual (HNI) population in India.
Established in 2011, Waterfield Advisors currently advising on assets worth over $5bn for approximately 375 client groups across seven strategic locations in India.
Waterfield Advisors founder and CEO Soumya Rajan said: “From the outset, transparency, integrity and client-centricity have been at the heart of everything we do at Waterfield Advisors.
“Beyond business families, this fundraise enables us to extend our proposition to a broader audience of founders, professionals and women, while also expanding our presence into India’s tier-2 and tier-3 cities and to key markets overseas catering to the Global Indians.
“We are delighted to welcome Jungle Ventures as a strategic partner in this journey. Their expertise in helping companies scale their vision and building lasting companies resonates with our core values.”
Ernst & Young (EY) served as the exclusive advisor to the deal.
