We are pleased to share that Argus Partners has advised Jungle Ventures on its US$ 18 million investment in Waterfield Advisors, an independent wealth advisory and multi-family office. The deal comprises of both primary and secondary transactions, with a primary infusion of $15 million.
The fresh capital will be deployed to enhance Waterfield’s technology infrastructure, expand its presence across key financial hubs, and deepen the client engagement across various segments within India’s affluent demographic.
Commenting on the investment, Arpit Beri, Partner, India Investments at Jungle Ventures, stated, "Independent, conflict-free wealth advisory is more important than ever. Waterfield’s leadership in this space positions them uniquely for the next phase of growth, and we are thrilled to back their vision."
"Beyond business families, this fundraise enables us to extend our proposition to a broader audience of founders, professionals and women, while also expanding our presence into India’s tier-2 and tier-3 cities and to key markets overseas catering to the Global Indian," said Soumya Rajan, founder and CEO of Waterfield Advisors.
The team at Argus Partners advising Jungle Ventures consisted of:
Transaction Team: Abhinav Bhalaik, Vallishree Chandra (Partners), Himani Shah, Sadia Akhter, Rohan Aneja (Senior Associates), and Kanishk Gambhir, Vishakha Somani and Priya Gala (Associates).
Due Diligence Team: Abhinav Bhalaik, Vallishree Chandra, Aayush Kumar (Partners), Himani Shah, Sadia Akhter, Rohan Aneja (Senior Associates), Kanishk Gambhir, Priya Gala, Vishakha Somani and Rohan Lodge (Associates).