Wealthtech startup Dezerv has raised ₹350 crore in a Series C funding round, bringing its total capital raised to over ₹850 crore.
Existing marquee investors fully funded the all-primary round, with Premji Invest and Accel’s Global Growth Fund co-leading the investment, and Elevation Capital along with Z47 continuing their participation.
The company plans to utilize the fresh capital to strengthen its technology platform, broaden its investment offerings across asset classes, and expand its team of relationship managers.
Founded in 2021, Dezerv has scaled its assets under management (AUM) to more than ₹14,000 crore, spanning portfolio management services (PMS), alternative investment funds (AIFs), and distribution assets.
“India’s wealth creators have built their wealth through hard work, grit and sacrifice, and it deserves to be managed with the same determination and care with which it was created,” said Sandeep Jethwani, cofounder, Dezerv.
The platform has empowered over five lakh Indian investors to track and analyze assets worth ₹2 lakh crore. Through its app, users can monitor their mutual funds, stocks, bank accounts, NPS, and fixed deposits (FDs) in one place. The company also plans to introduce support for bonds, REITs, InvITs, loans, and credit cards by the end of this year, further expanding its suite of financial tracking tools.
“Their growth over the past three years demonstrates the power of pairing institutional rigour with a modern client experience. We’re excited to continue backing them as they shape the next generation of wealth management in India,” said Abhinav Chaturvedi, Partner, Accel.
Founded in 2021 by Sahil Contractor, Sandeep Jethwani, and Vaibhav Porwal, Dezerv serves clients across more than 200 cities through its offices located in Mumbai, Delhi, Bengaluru, Hyderabad, and Pune.
In December, the company announced that its assets under management (AUM) had exceeded ₹10,000 crore; furthermore, it aims to reach ₹25,000 crore by the end of this year. Currently, Dezerv employs around 300 professionals across its offices in Hyderabad, Pune, Bengaluru, Delhi, and Mumbai.
The startup had previously raised over ₹265 crore in a Series B funding round last year, led by Premji Invest, with continued backing from Elevation Capital, Z47, and Accel.
