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 brings Dezerv’s total funding to Rs 850 crore, underscoring strong investor confidence in the company’s vision to build a next-generation wealth-tech institution.
The company said the new capital will be used to enhance its technology platform, expand investment solutions across asset classes, onboard senior relationship managers, and elevate client experience.
By the end of 2025, Dezerv plans to extend its offerings to include bonds, real estate investment trusts (REITs), infrastructure investment trusts (InvITs), loans, and credit cards, expanding its portfolio beyond equities and alternative investments.
Dezerv currently manages over Rs 14,000 crore in assets across portfolio management services (PMS), alternative investment funds (AIFs), and distribution assets. Its flagship Dezerv App enables more than 500,000 Indian investors to track and analyse Rs 2 trillion worth of investments, spanning mutual funds, equities, fixed deposits, bank accounts, and the National Pension Scheme (NPS).
“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.
Saravanan Nattanmai, Partner, Premji Invest, noted, “Since our initial investment last year, Dezerv’s AUM is on track to quadruple by the end of this year, driven by resilient client flows and a blend of organic and inorganic growth.”
Founded in 2021 by Sahil Contractor, Sandeep Jethwani, and Vaibhav Porwal, Dezerv serves clients across 200 cities through offices in Mumbai, Delhi, Bengaluru, Hyderabad, and Pune.
Commenting on the company’s rapid growth, Abhinav Chaturvedi, Partner, Accel, said, “Dezerv’s progress over the past three years demonstrates the power of pairing institutional rigour with a modern client experience. We’re proud to continue backing them as they redefine wealth management in India.”
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