Nexedge Capital Raises 20 Million Dollars Led By Mirae Asset And Elev8 To Expand India Wealth Platform
An eighteen month old wealth management firm founded by a 360 ONE co-founder has already crossed three billion dollars in assets and secured its first institutional round, betting that India’s wealthy families want one firm managing everything they own.
Highlights:
- Nexedge Capital raised 20 million dollars led by Mirae Asset Venture Investment and Elev8
- The firm has scaled to over 3 billion dollars in assets under management in 18 months
- It currently serves roughly 1,300 clients across India’s wealthy families and corporates
- Nexedge has onboarded more than 95 senior bankers, with 50 to 60 more joining in 2026
- Founder Anirudha Taparia previously co-founded and co-led 360 ONE Wealth
- Capital will fund tech, banker hiring, Tier 2 and 3 expansion, and a new NBFC business
Building a wealth management firm from scratch in India is not usually a fast business: trust with wealthy families tends to accumulate slowly, often over decades rather than months. Nexedge Capital’s early trajectory looks like a genuine exception to that rule. The firm, which launched in February 2025, has just closed its first institutional funding round, raising $20 million in a round led by Mirae Asset Venture Investment and Elev8 Venture Partners. The raise arrives at a moment when the company has already scaled to more than $3 billion in assets under management (AUM) within just 18 months of operation—a pace of growth that would be notable for any financial services startup, let alone one operating in a business built fundamentally on personal trust and long-standing relationships.
Nexedge positions itself as a wealth management and multi-family office firm, serving India’s high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs), families, and corporates—a client base that typically demands considerably more sophisticated, bespoke financial advisory than mass-market retail banking or standard mutual fund distribution can offer. The firm currently serves roughly 1,300 clients and has built out a senior banker network of more than 95 professionals, with another 50 to 60 bankers expected to join through the remainder of 2026—a hiring pace that reflects genuinely aggressive scaling ambitions for a firm still well within its second year of operation.
Understanding why Nexedge has been able to move this quickly requires understanding who built it and what he is attempting to prove. Anirudha Taparia, the firm’s founder and chief executive officer, brings a genuinely rare combination of credibility and prior execution experience to this venture, having previously served as co-founder and joint chief executive officer of 360 ONE Wealth (formerly IIFL Wealth)—a firm he helped build into a publicly listed franchise—and having earlier held the role of Citibanking Head of North India during his time at Citigroup. That background matters enormously in wealth management, where a founder’s own track record and personal relationships with wealthy families often directly determine how quickly a new firm can attract both client assets and experienced senior banking talent away from established competitors.
Taparia has been notably direct about what he believes distinguishes Nexedge’s positioning from more conventional wealth management firms:
“Our maiden raise marks an important milestone in Nexedge’s journey. The confidence shown by our institutional investors reinforces our belief that this is a rare opportunity to build India’s first true net-worth management firm, one that manages the entirety of a family’s balance sheet rather than only its investible surplus.”— Anirudha Taparia, Founder & CEO of Nexedge Capital
That distinction—between managing a family’s full balance sheet versus simply managing whatever liquid, investible assets a client hands over—points to a considerably more ambitious scope than traditional Indian wealth management typically covers. This framework extends into real estate, business expansion, estate planning, and global mobility, addressing non-liquid components of a wealthy family’s total net worth that conventional wealth managers often leave entirely untouched.
The fresh capital will be deployed across several core growth priorities:
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Technology & Operations: Strengthening the underlying digital technology platform.
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Talent Expansion: Further scaling the network of senior bankers across key wealth hubs.
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Geographic Footprint: Extending presence across India, specifically expanding into Tier-2 and Tier-3 cities—a meaningful ambition given that most Indian wealth managers concentrate primarily on metro markets.
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New Verticals: Developing dedicated non-resident Indian (NRI) propositions and launching a non-banking financial company (NBFC) business.
The NBFC ambition in particular signals a firm looking to expand well beyond pure advisory and asset management into lending and credit products, a natural adjacent business for a wealth manager serving clients who often have complex borrowing needs tied to business operations, real estate transactions, or liquidity requirements.
Mirae Asset Venture Investment CEO Puneet Kumar highlighted the structural alignment underpinning their investment decision:
“What convinced us to back Nexedge is its ownership model. Over 150 senior leaders have invested their own capital to become owners, not just employees. This long-term commitment is the truest test of alignment in this business.”— Puneet Kumar, CEO of Mirae Asset Venture Investment
Alongside Taparia, co-founders Sidhartha Shaw, Vijeeta Sharma, and Pankaj Walia (a 22-year Standard Chartered Bank veteran and former Head of Private Banking India) form a core founding team. The firm also brought on Kashyap Barot—previously head of alternate products at Julius Baer Wealth Advisors India—as part of its founding team leading third-party products. That kind of senior talent migration from established global and domestic wealth management institutions toward a new entrant suggests experienced professionals see a credible, differentiated opportunity in Nexedge’s specific positioning.
The scale of assets Nexedge has gathered deserves closer examination, as reported figures reflect distinct metrics:
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Assets Under Management (AUM): Recent disclosures confirm over $3 billion in AUM (up from earlier mid-2026 reporting of $2.4 billion).
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Assets Under Advisory (AUA): Broadened advisory scale stands at roughly $5 billion in AUA, encompassing assets the firm advises on without directly holding custodial management over.
This distinction between AUM and AUA is critical for accurately understanding the firm’s direct custodial responsibility versus its broader advisory umbrella.
Nexedge’s rapid rise sits within a fiercely competitive wealth management landscape dominated by players such as Banyan Tree Advisors, Waterfield Advisors, Client Associates, 360 ONE, and LGT Wealth India. Corporate registration data indicates that legal entity Nexedge Capital Management Private Limited was incorporated in late 2024, meaning its operational surge to $3 billion AUM within 18 months represents a rapid build-out of client assets and advisory mandates.
Viewed evenly, Nexedge Capital’s first institutional funding round reflects genuine investor conviction in a founder with a proven track record of building comparable multi-trillion-rupee franchises. The considerably more difficult test lies in whether Nexedge can sustain this pace of asset accumulation and banker recruitment as it moves into less-penetrated Tier-2 and Tier-3 markets—a segment of India’s wealthy population that has historically proven harder for wealth management firms to serve effectively than concentrated metro hubs.
