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Medianama - 31/07/2012

FundsIndia Raises Rs 20 Crore From Foundation Capital & Inventus Capital

Wealth India Financial Services (WIFS), the company behind online investment services platform�FundsIndia.com,�has raised Rs 20 crore in its second round of funding, as reported by TheHinduBusinessline. �According to the report, the investment will be used by FundsIndia to expand customer base and enhance the company’s online platform with new products and services.

Foundation Capital, a Silicon Valley based venture capital firm, invested�75% of the fresh investment in the company while the rest of the capital was raised from existing investors, Inventus Capital.

WIFS was founded by�C R Chandrasekar and Srikanth Meenakshi in October 2008, and had launched FundsIndia.com in June 2009. It had previously�raised�Rs 3 crore from Inventus Capital, in 2010.�FundsIndia.com is�a transactional platform that allows users to link their bank accounts with investment options like mutual funds, equities, and fixed deposits, with options for managing multiple accounts, and automatically triggering investment related activities. The company has partnered with 39 mutual fund houses, 33 banks for online transactions,�6 Corporate — Fixed deposits online, equity broking services for the National Stock Exchange, and Insurance policies.
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FUNDSINDIA.COM-WHO WE ARE AND WHAT WE DO

FundsIndia.com is India's first and leading online investment platform. Here, you can get access to a wide array of investment products like mutual funds in India, equities, corporate deposits, 24 Karat gold, insurance and more.

Besides this, FundsIndia.com also offers several value-added services like FREE Financial Partner services, Flexible SIPs for mutual funds, Smart Solutions for important life goals, trigger-based investing, and so much more. Opening an account with FundsIndia.com is easy and FREE, with your account being valid for life.

FundsIndia.com does not restrict its services to just investors in India; NRIs can also take full advantage of the investment platform to buy mutual funds in India, open a demat account, buy shares online, and do so much more to take advantage of India's growth story. FundsIndia also offers dedicated Financial Partner services to NRI customers over Skype, email and chat.

FundsIndia.com is a safe and secure platform. It has been registered with entities such as the Association of Mutual Funds in India (AMFI), the Bombay Stock Exchange (BSE), the Credit Information Bureau Limited (CIBIL), the Central Depository Services Limited (CDSL), and the Central Insurance Repository Limited (CIRL).

Through FundsIndia's secure online investment environment, investors can choose from top-performing mutual funds with high NAVs offered by 38 leading mutual fund companies in India, get access to stocks and equities offered at the BSE, and invest in tax-saving ELSS funds at just the click of a few buttons.

Opening an account with FundsIndia is simple and FREE, with your FundsIndia account being valid for life! This is why FundsIndia is widely known to be the smartest way to invest in mutual funds and more for FREE! Sign up today!

*Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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