Corpus Labs, a new wealthtech startup co-founded by former Peak XV analyst Saksham Mittal, is in talks to secure pre-seed funding from Stellaris Venture Partners, following a recent $4.2m pre-seed raise and emerging from stealth mode in India’s growing financial analysis space.
Saksham Mittal, a former analyst at Peak XV Partners, is seeking pre-seed backing for his wealthtech startup Corpus Labs from Stellaris Venture Partners, according to Inc42. The company has only recently emerged from stealth and says on its website that it has already raised $4.2m in pre-seed funding, although it has not named the backers behind that round.
Mittal co-founded Corpus with former Groww executive Ayush Gupta and former JPMorgan executive Vineet Shukla. Mittal’s LinkedIn profile indicates that he left Peak XV in July, after working on the firm’s seed-stage accelerator Surge. Before that, he had stints at Avaana Capital, Flipkart and Shop101.
Corpus is positioning itself as a read-only financial analysis platform for mutual fund investors. According to its website, users can upload statements from CAMS or KFintech, or link data through India’s account aggregator framework. The product then scans portfolios for issues such as overlap between funds, cash sitting idle in bank accounts, realised and unrealised gains, changes from target asset allocation, and the gap between regular and direct plans.
The startup also offers mutual fund performance data, a retirement calculator and a tool for comparing tax liabilities under India’s old and new regimes. It does not allow users to place trades, says it does not take custody of client money and says it does not recommend specific funds. The company also says it does not earn revenue from asset management companies, brokers or insurers.
The move comes as wealthtech remains a busy area for investors in India. Inc42 said Centricity raised ₹280 crore in a Series A round led by SMBC Asia Rising Fund last week, while Veriqus Group raised ₹387 crore last month for an integrated wealth and asset management platform. Venture interest has been supported by expectations that India’s wealthtech market could grow into a more than $95bn opportunity by FY30. Stellaris, meanwhile, describes itself as an early-stage, technology-focused firm that invests across sectors and says it has backed more than 30 companies, including Mamaearth and Whatfix. Venture Intelligence reported that the firm recently closed its third India-focused fund at $300m.
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