<ul><li>Wealthtech firm Nivesh has acquired Wealthzi, a wealth management platform, in a strategic move to expand its product offerings and serve a broader range of clients, including affluent and high-net-worth individuals (HNIs).</li><li>The financial details of the deal remain undisclosed. The acquisition allows Nivesh to utilize Wealthzi's SEBI-registered investment advisory (RIA) license to offer enhanced investment advisory services.</li><li>Nivesh, founded in 2016, is known for its AI-powered investment solutions and manages assets worth Rs 2,000 crore, while Wealthzi, founded in 2020, manages assets of more than Rs 500 crore.</li><li>The acquisition will create significant synergies, enabling the combined entity to offer an expanded product suite and leverage Nivesh's technological infrastructure to enhance user experience and scale business operations.</li></ul>

Wealthtech startup Nivesh acquires Wealthzi for an undisclosed sum

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