Processing .....please wait.. 
The article has been forwarded.... 
FundsIndia raises 
3 Crore in Series A funding
By siliconindia
Chennai: FundsIndia, an online value-added financial services platform created and promoted by Wealth India Financial Services (WIFS) has raised 
3 crores in Series A investment from Inventus Capital Partners. The investment will be used for expanding the customer base and enhancing the online platform with new products and services.
FundsIndia.com was launched in June 2009 with its mutual fund services. The company provides tax-filing facility and an online-enabled NPS platform. It also plans to launch an insurance platform shortly.
WIFS was started by two entrepreneurs - C R Chandrasekar and Srikanth Meenakshi - in October, 2008. Between the two, they have more than two decades of experience in technology enabled retail financial services, especially through the online medium.
"Indian financial services industry is going through a very dynamic phase currently. Recent regulatory changes across the spectrum of the industry have led to a comprehensive re-think of the distribution and delivery models for products and services. Our technology-enabled online platform enables us to offer high-quality services at a low-cost in a scalable manner. We believe this is the model of the future for this industry," said Chandrasekar.
Speaking for Inventus Capital Partners Managing Director Kanwal Rekhi said, "The financial services segment in India provides a large and growing opportunity for a cost-effective solution like FundsIndia.com. The online-only model enables FundsIndia.com to be nimble in a rapidly altering regulatory scenario." Kanwal Rekhi will join the founders on the board of the company.
3 crores in Series A investment from Inventus Capital Partners. The investment will be used for expanding the customer base and enhancing the online platform with new products and services.
FundsIndia.com was launched in June 2009 with its mutual fund services. The company provides tax-filing facility and an online-enabled NPS platform. It also plans to launch an insurance platform shortly.
WIFS was started by two entrepreneurs - C R Chandrasekar and Srikanth Meenakshi - in October, 2008. Between the two, they have more than two decades of experience in technology enabled retail financial services, especially through the online medium.
"Indian financial services industry is going through a very dynamic phase currently. Recent regulatory changes across the spectrum of the industry have led to a comprehensive re-think of the distribution and delivery models for products and services. Our technology-enabled online platform enables us to offer high-quality services at a low-cost in a scalable manner. We believe this is the model of the future for this industry," said Chandrasekar.
Speaking for Inventus Capital Partners Managing Director Kanwal Rekhi said, "The financial services segment in India provides a large and growing opportunity for a cost-effective solution like FundsIndia.com. The online-only model enables FundsIndia.com to be nimble in a rapidly altering regulatory scenario." Kanwal Rekhi will join the founders on the board of the company.
