Credence Family Office enters into a strategic partnership and invests in Cumulative Ventures
Mumbai, December 22, 2021: Credence Family Office and Cumulative Ventures today announced a strategic partnership that will help them offer an enhanced set of services and products to their clientele. Serving prominent business families, tech entrepreneurs, angel investors, celebrities across sports and entertainment, amongst others, Credence is one of India’s leading wealth management firms while Cumulative Ventures is an investment banking and corporate advisory company.
Established in 2010 and backed by TIW Private Equity fund, Credence Family is a pioneer in multi-family spaces, offering bespoke solutions for a discerning clientele. The firm caters to the financial needs of a niche set of clientele globally. Their research-led approach ensures timely and intelligent solutions which are customized to the specific needs of each client and include holistic investment advisory on an open architecture platform, tax advisory (domestic and overseas), estate planning and legal assistance, business mentorship, amongst others. It has a stellar team of 50+ people, with offices in 5 cities, serving the needs of 250 + families with advisory assets of nearly US$1billion.
Commenting on the announcement, Mr. Mitesh Shah, Founder & CEO, Credence Family Office said “This deal with Cumulative Ventures LLP, demonstrates our intent to continuously expand our client offerings. The team at Cumulative Ventures LLP has managed complex transaction advisory, business consulting, and fund-raising mandates. We intend to launch strategic investor relations for entrepreneurs, micro VC funds, and family offices, a novel idea which is certain of adding value in addition to offering a platform for informed investors.”
“Strategic Investment by Credence is a strong endorsement of our team’s entrepreneurial venture now on the path to becoming an institution. With this collaboration, we intend to expand our product offerings and leverage on Credence’s extensive network and client base to enhance each of our business lines” said Mr. Swapnilsagar Vithalani, Founder & Managing Partner of Cumulative Ventures LLP.
Cumulative Ventures was started in 2017 and currently has a team of 40+ people working across Business Consulting and Investment Banking wherein it has handled transactions aggregating to US$100+ Mn. With this alliance, Cumulative Ventures is looking to increase its product offering to a wider spectrum of business families, tech entrepreneurs, and celebrity circuits by offering comprehensive financial solutions across consulting, capital raising through capital market / private markets, and CFO services focusing on business and finance-related activities.
