Nexedge Capital raises $20 Mn in maiden funding round

Nexedge Capital raised $20 Mn (₹191.4 Cr) in its maiden funding round, co-led by Mirae Asset Venture Investment and Elev8 Venture Partners. The company said it will use the capital to strengthen its tech stack, expand its network of senior bankers and grow its India footprint, and to build complementary offerings including a dedicated NRI proposition and an NBFC business.