According to the firm, it currently manages over Rs 14,000 crore across PMS, AIF, and distribution assets, serving clients in more than 200 cities across India.
Wealth management platform Dezerv has raised Rs 350 crore in its Series C funding round, co-led by existing investors Premji Invest and Accel’s Global Growth Fund, with participation from Elevation Capital and Z47.
The latest round takes Dezerv’s total capital raised to over Rs 850 crore since its launch in 2021, as per the firm, including its $32 million (Rs 270 crore) Series B round in July last year.
The Mumbai-based company said the fresh capital will be used to enhance client experience, deepen its technology platform, and expand its investment solutions across asset classes.
Founded in 2021 by Sahil Contractor, Sandeep Jethwani, and Vaibhav Porwal, Dezerv’s revenue from operations stood at Rs 26.25 crore in FY24 on Rs 74.53 crore loss, as per Thekredible. The company is yet to file its financial results for FY25.
According to the firm, it currently manages over Rs 14,000 crore across PMS, AIF, and distribution assets, serving clients in more than 200 cities across India. The app claims to have enabled over 5 lakh investors to track and analyse over Rs 2 lakh crore in assets allowing them to monitor their mutual funds, stocks, bank accounts, NPS, and FDs, with plans to add bonds, ReITs, InvITs, loans, and credit cards by the end of the year.
“This fresh capital will help us deepen our capabilities and strengthen our foundation to build a pioneering financial institution,” said Sandeep Jethwani, Co-founder, Dezerv. “We are grateful to our investors for their continued backing as we pursue our vision of serving India’s wealth creators for decades to come.”
Premji Invest partner Saravanan Nattanmai said Dezerv’s assets under management (AUM) are “on track to quadruple by the end of this year,” citing its AI-enabled, technology-first approach and robust client flows.
Accel partner Abhinav Chaturvedi added, “Dezerv is serving India’s emerging class of wealth creators with a deep focus on trust, technology, and disciplined investing. Their growth demonstrates the power of pairing institutional rigour with a modern client experience.”
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Wealthtech continues to be among the attractive segments for investors in fintech on the back of rising financial awareness, growing affluence, and a surge in digital-first investment behaviour. Recently, Smallcase raised $50 million round to expand its investment stack, while Stable Money secured $20 million in Series B to deepen its fixed-income offerings, in June.
Z47 managing director Vikram Vaidyanathan said the firm continues to back Dezerv’s vision of blending technology with a “human touch” to become India’s most trusted full-stack wealth manager, while Elevation Capital’s Mridul Arora noted that Dezerv’s customer-first approach and tools like its Wealth Monitor are driving rapid scale and deep client trust.