Waterfield Advisors Secures INR 123 Crore in Funding Led by Jungle Ventures Jungle Ventures is leading this funding round with an investment of INR 100 crore. The remaining funds are being infused by co-founder and CEO Soumya Rajan, alongside individual investors such as Bharat Dhirajlal Shah, Vijay Singh, Bandi Vamsikrishna, Corel Traders, Parthasaradhi Reddy, Kekoo Colah, and Smita D Parekh.

By BIZ Experiences Staff

You're reading BIZ Experiences India, an international franchise of BIZ Experiences Media.

Freepik

Waterfield Advisors, a wealth management platform, is set to raise INR 123 crore (approximately $14.6 million) in a fresh funding round spearheaded by Jungle Ventures. This information comes from a regulatory filing accessed from the Registrar of Companies. The company's board has sanctioned a special resolution to issue 10,92,362 preference shares at an issue price of INR 1,126 each, cumulatively amounting to INR 123 crore ($14.6 million).

Jungle Ventures is leading this funding round with an investment of INR 100 crore. The remaining funds are being infused by co-founder and CEO Soumya Rajan, alongside individual investors such as Bharat Dhirajlal Shah, Vijay Singh, Bandi Vamsikrishna, Corel Traders, Parthasaradhi Reddy, Kekoo Colah, and Smita D Parekh.

The capital raised is earmarked for various strategic initiatives, including growth acceleration, expansion plans, marketing efforts, and general corporate purposes, as outlined by the company's board.

Established in 2011 by Soumya Rajan, Waterfield Advisors operates as a fee-based multi-family office and wealth advisory firm, offering impartial financial, investment, and succession planning services. To date, the firm has secured over $25 million in funding, including $6 million from family offices and ultra-high-net-worth individuals. As per data from TheKredible, with this latest investment, Jungle Ventures will emerge as the largest external stakeholder, holding a 13.83 per cent stake. Co-founders Soumya Rajan and Sanjay Teli will collectively retain a 40.07 per cent share in the company.

Financially, Waterfield Advisors has demonstrated robust performance, recording a 33.2 per cent year-on-year (YoY) increase in revenue, reaching INR 45.7 crore for the fiscal year ending March 2024. Additionally, the firm has successfully reduced its losses by 9.5 per cent, bringing them down to INR 28.6 crore in FY24.
BIZ Experiences Staff

BIZ Experiences Staff

Editor

For more than 30 years, BIZ Experiences has set the course for success for millions of BIZ Experiencess and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.

Most Popular

See all
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

By Eve Gumpel
Legal

Companies Often Choose Profits Over Consumer Safety — Here's What It Takes to Hold Them Accountable

Here's why the courtroom remains America's last line of defense for consumer safety.

By Donald Fountain
Thought Leaders

Want to Be a Trusted Thought Leader? Use this Psychology Bias to Your Advantage

The most influential thought leaders aren't just smart — they're memorable. Here's how to harness the psychology of perception to amplify the impact of your content.

By Yogesh Shah
Business News

Here Are the 10 Jobs AI Is Most Likely to Automate, According to a Microsoft Study

These careers are most likely to be affected by generative AI, based on data from 200,000 conversations with Microsoft's Copilot chatbot.

By Sherin Shibu
Starting a Business

Her Self-Funded Brand Hit $25 Million Revenue Last Year — And 3 Secrets Keep It Growing Alongside Her 'Mischievous' Second Venture: 'Entrepreneurship Is a Mind Game'

Raised in a "very BIZ Experiencesial" family, Tanya Taylor always dreamed of starting a business of her own.

By Amanda Breen
Starting a Business

These Brothers Started a Business to Improve an Everyday Task. They Made Their First Products in the Garage — Now They've Raised Over $100 Million.

Coulter and Trent Lewis had an early research breakthrough that helped them solve for the right problem.

By Amanda Breen