Wealthtech platform Syfe closes $80 million funding round, plans to expand tech team in India

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Here’s a structured list based on the information provided:

Startup Information

  • Startup: Syfe
  • Founders: Dhruv Arora
  • Founded by: IIT Bombay alumnus, previously a senior executive at Grofers (now Blinkit)

Funding Information

  • Total Amount Raised in Current Round: $80 million (including previous raise)
  • Recent Funding: $53 million (fresh funding round)
  • Previous Funding in Same Round: $27 million (August 2024)

Investors

  • Lead Investors:
    • Two UK-based family offices
  • Participating Investors:
    • Unbound (London-based investment firm)
    • Valar Ventures (founded by Peter Thiel)

Fundraise Series and Dates

  • Fundraise Series: Not specified (but mentioned as part of the same round)
  • Dates of Fundraises:
    • August 2024: $27 million raised
    • Recent: $53 million raised (exact date not provided)

Operations and Expansion

  • Operational Regions: Singapore, Hong Kong, Australia
  • Technology Center Location: Gurugram, India

Comments from Founders

  • Dhruv Arora emphasized the significance of the Gurugram tech team and the company’s expansion, targeting the growing ‘mass affluent’ market segment.

Recent Acquisition

  • Syfe acquired Australia-based online investment platform Selfwealth.

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2025-06-05 15:02:00