Dezerv, a tech-centric wealth management platform focused on India’s wealth-generating demographic, has successfully concluded a Series C funding round, raising ₹350 crore. The round was co-led by Premji Invest and Accel’s Global Growth Fund, with ongoing support from Z47 and Elevation Capital. This latest infusion of primary capital brings the total funds raised by Dezerv to over ₹850 crore, demonstrating investor confidence in its mission to establish a highly reliable wealth management institution in India.
Established in 2021 by Sahil Contractor, Sandeep Jethwani, and Vaibhav Porwal, veterans in wealth management from IIFL, Dezerv now manages over ₹14,000 crore in assets across PMS, AIF, and distribution channels. The platform extends its services to clients in over 200 cities, providing data-driven solutions spanning Equity, Fixed Income, and Alternative investments.
According to Sandeep Jethwani, Co-founder, Dezerv, India’s wealth creators deserve to have their assets managed with the same dedication and diligence that they applied to building their wealth. This involves robust processes, cutting-edge technology, investment strategies emphasizing sustainable growth, and skilled relationship managers. The new capital will be used to enhance these areas and fortify the company’s foundation as a pioneering financial institution. He also expressed gratitude to investors for their continued support and long-term commitment to Dezerv’s vision.
Vikram Vaidyanathan, Managing Director at Z47, stated that they have backed Sandeep, Sahil, and Vaibhav and the Dezerv team from the beginning, admiring their unique vision, clear objectives, and exceptional customer experience. He believes the team is progressing well towards becoming India’s most trusted full-stack wealth manager, combining technology with personal interaction. He is enthusiastic about future growth and is committed to strengthening their partnership as Dezerv continues to build both capital and trust.
With this funding, Dezerv intends to expedite its evolution into a comprehensive wealth management firm by broadening its investment offerings, enhancing its technological framework, and expanding its network of relationship managers. The company is also focused on further developing its popular Dezerv App, which is used by over 5 lakh Indians to monitor and analyze ₹2 lakh crore in assets, making it one of India’s largest net-worth tracking tools.
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