PAG-backed Nuvama Wealth acquires wealth tech startup Pickright
Shortpedia
Content Team
Image Credit: inc42
Listed wealth management firm Nuvama Wealth, which was earlier known as Edelweiss Personal, has reportedly acquired a 74% equity in wealthtech startup Pickright Technologies. The acquisition will offer an exit to Pickright’s existing investors–Mumbai Angels Network, JITO Angel Network and 100x.VC. Meanwhile, the remaining stakes will be held by founders, according to a Mint report.
