Centricity raises $33.6M Series A led by SMBC Asia Rising Fund

What's the deal? Indian wealthtech company Centricity has raised ₹280 crore ($33.6M) in a Series A led by SMBC Asia Rising FundDealroom has a profile for this one. Try Dealroom →. The round includes ₹230 crore in equity and ₹50 crore in venture debt, and values the company at around ₹1,800 crore ($216M).

Why now? Centricity plans to use the funding to scale its private wealth and global private client businesses.

Read more: The Economic Times