Kuvera raises $4.5 million in Series A funding from Fidelity's Eight Roads

Kuvera, a tech-based wealth management startup, on Tuesday said it raised $4.5 million in a Series A funding from Eight Roads, the investment arm of Fidelity International.

Alokik Advani, head of Eight Roads Fintech Strategic Investments, will also join the board of Kuvera post the funding, the company said in a statement.

Kuvera, which currently manages more than Rs 3,000 crore in mutual fund investments, will use the first round of funding to build its team and expand its product portfolio. It is a zero-fee mutual fund investment platform that provides an option to set investment goals