<ul><li>Bengaluru-based wealthtech startup PowerUp Money raises $7.1 million in funding led by Accel, Blume Ventures, and Kae Capital.</li><li>Co-founded by Prateek Jindal, who was previously with Uni Cards, the startup offers direct mutual fund investments to retail investors and has obtained a registered investment advisor (RIA) license.</li><li>PowerUp Money targets retail investors with a focus on those with investments ranging from Rs 5 lakh to Rs 2 crore, aiming to tap into the growing Indian mutual fund market.</li><li>The funding will be used to strengthen the research vertical, develop new products, and enhance customer acquisition efforts, with a team of 30-35 individuals at PowerUp Money.</li></ul>

Wealthtech startup PowerUp Money raises $7 million from Accel, Blume, others

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