Univest in talks to raise $16 million in round likely led by Bertelsmann India Investments: sources

Innoven Capital will participate in the Series A funding round for the wealthtech platform through $3 million in debt financing. The funding round will consist of a mix of equity and debt. To date, Univest has raised $3 million from investors, including Trinity Media Group, senior executives from Reliance Industries, and angel investors Aakash Anand, CEO of Bella Vita Organic, and Deep Bajaj, founder of Sirona.