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Bengaluru-based fintech platform Multipl has raised a funding of INR 12.3 Cr (around $1.5 Mn) from Blume Ventures and MIXI Global Investments.

The startup plans to use the fresh capital to scale up its operations and rolling out disruptive features to help more Indians start spendvesting.

In simple terms, spendvesting is a personal finance strategy that promotes recurring investments in assets such as mutual funds and digital gold.

Founded by Paddy Raghavan, Jags Raghavan and Vikas Jain in 2020, Multipl offers personalised investment advisory that helps users invest in mutual fund style baskets and link those baskets to relevant lifestyle spending goals, one-time spending, recurring spending, and long-term wealth generation and savings.

Multipl INR 12.3 crore funding Startup Funding Indian startup ecosystem Investment News Fintech Innovation wealth management investment platform digital investments funding round entrepreneurial success Business Growth Multipl expansion wealthtech investment solutions.