Wealth management platform Dezerv has raised Rs 350 crore in a Series C funding round, signaling continued investor confidence in India’s fast-growing wealth-tech ecosystem. The round was co-led by existing investors Premji Invest and Accel, with participation from Elevation Capital and Z47, underscoring sustained backing from marquee venture capital firms.
Founded in 2021 by Sahil Contractor, Sandeep Jethwani, and Vaibhav Porwal, Dezerv plans to use the fresh capital to enhance its technology infrastructure, broaden its investment product suite, and scale its client servicing capabilities. The company said the infusion will help it accelerate its mission to build a modern financial institution that blends institutional discipline with cutting-edge technology for India’s wealth creators.
With this latest round, Dezerv’s total capital raised has crossed Rs 850 crore, providing significant headroom for expansion across asset classes such as bonds, real estate investment trusts (REITs), infrastructure investment trusts (InvITs), loans, and credit cards. The firm also aims to deepen its integration with India’s account aggregator framework and deploy artificial intelligence-driven tools to deliver more personalized financial management solutions.
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Dezerv’s platform now serves over five lakh investors across 200 cities, offering comprehensive portfolio tracking that spans mutual funds, equities, bank deposits, and pension assets. The company manages Rs 14,000 crore in assets under portfolio management and distribution and reports average client returns of nearly 30 percent since inception. Its mobile app currently tracks more than Rs 2 trillion worth of investor assets, positioning it among India’s most comprehensive wealth management tools.
Investors have lauded Dezerv’s strong execution and consistent growth over the past three years, citing a clear focus on user experience, innovation, and transparency. They noted that the company’s evolution reflects the broader transformation of India’s financial landscape, where digital platforms are driving greater access and sophistication in investment management.
To support its next phase of growth, Dezerv is planning to expand its workforce by hiring over 200 relationship managers to enhance client engagement and advisory depth. This move aligns with its strategy of blending high-touch service with advanced technology, a model that has helped the company build trust among affluent and emerging investors alike.
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The latest funding round reaffirms Dezerv’s leadership position in the wealth-tech space at a time when India’s financial services market is maturing rapidly. With rising disposable incomes, expanding digital adoption, and growing investor appetite for diversified assets, platforms like Dezerv are well placed to redefine how Indians build and preserve wealth.
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Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
