Corpus Labs in Talks to Raise Funding from Stellaris Venture Partners
Wealthtech startup Corpus Labs, founded by ex-Peak XV analyst Saksham Mittal, is reportedly in talks to secure pre-seed funding from Stellaris Venture Partners. The company offers a financial analysis platform.
Corpus Labs, an Indian wealthtech startup, is reportedly in discussions with Stellaris Venture Partners for a pre-seed funding round. The company was founded by Saksham Mittal, a former analyst at Peak XV Partners (formerly Sequoia Capital India & SEA), sources told Inc42.
Mittal co-founded Corpus Labs with Ayush Gupta, formerly of Groww, and Vineet Shukla, previously with JPMorgan. The startup, which has been in stealth mode, recently launched its website and has reportedly raised $4.2 million in pre-seed funding, though investors have not been publicly disclosed.
The platform provided by Corpus Labs analyzes investors' mutual fund portfolios. It can identify cost differences between regular and direct plans, fund overlaps, idle bank balances, and realized and unrealized gains. However, the platform is read-only and does not facilitate transactions or hold customer assets.
India's wealthtech sector is experiencing significant growth and investor interest. The industry is projected to become a more than $95 billion opportunity by FY30, fueled by a new generation of digital-first investors.