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The Hindu Business Line - 31/07/2012

Wealth India raises Rs 20 cr funding

Chennai, July 31:�

Wealth India Financial Services, promoters of FundsIndia.com, has raised Rs 20 crore in a second round investment.

FundsIndia is an online financial services transaction platform for retail customers focusing on mutual funds.

The Silicon Valley-based venture capital firm Foundation Capital has invested nearly 75 per cent of the fresh investment. The balance amount was a follow up investment from the current investors Inventus Capital, said the company’s CEO, Mr C.R. Chandrasekar.

The investment will be used to grow the business both in terms of expanding the customer base and enhancing the online platform with new products and services, he told newspersons.

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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.

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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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