Validus Fintech Services Pvt Ltd, based in Hyderabad, India, has successfully secured seed funding from AUM Ventures, an Abu Dhabi-based India-focused VC Fund, and other strategic investors.
Founded in 2022 by Ganesh Venkatachalam, Validus Fintech aims to revolutionize the investment management industry by providing digital market infrastructure for various sectors such as mutual funds, alternates, and corporate markets. The funds will be used for product development, business expansion, and enhancing their market presence.
Chetan Mehta, Founding Partner at AUM Ventures, emphasized the need for new digital infrastructure in India’s rapidly growing asset management sector. Ganesh Venkatachalam echoed this sentiment, stating the funding validates their mission to transform the industry with innovative technology and a marketplace approach.
(With inputs from agencies.)