Dezerv Boosts Wealth Management Vision With $40M Series C Infusion

Mumbai’s Dezerv Attracts Stellar Backers for Ambitious Expansion

In a resounding vote of confidence from its core investors, Mumbai-headquartered wealthtech innovator Dezerv has clinched ₹350 crore (approximately $40 million) in an all-primary Series C funding round. Co-led by Premji Invest and Accel’s Global Growth Fund, the infusion also drew commitments from Elevation Capital and Z47 (formerly Matrix Partners India). This latest milestone builds on a robust funding trajectory, pushing Dezerv’s cumulative capital raised to around $100 million since its inception.

Proven Track Record of Investor Trust

Dezerv’s appeal to blue-chip backers is no accident. Just over a year ago, in July 2024, the firm secured $32 million in its Series B round, spearheaded by Premji Invest at a valuation exceeding $200 million. Earlier, a $7 million seed round in September 2021—co-led by Elevation Capital and Matrix Partners—laid the foundation for its tech-driven ascent. Reinforcing its employee-centric ethos, Dezerv rolled out a $5.3 million ESOP buyback program in March 2025, rewarding both current and former team members and underscoring a commitment to shared success.

Fueling Innovation and Scale

The new funds will supercharge Dezerv’s core strengths, with a sharp focus on elevating client-centric experiences. Key priorities include:

Tech Upgrades: Fortifying its proprietary technology stack to deliver seamless, AI-powered insights.
Product Diversification: Broadening investment options across asset classes, including InvITs, REITs, and precious metals via its One Model platform.
Talent Surge: Onboarding 200 additional relationship managers within the next year to enhance personalized advisory services.

These moves align with Dezerv’s pivot toward full-stack wealth management, targeting family-wide financial planning and deeper penetration into high-growth markets like Baroda, Nagpur, and Jaipur—where SMBs and professionals are fueling wealth creation.

Redefining Wealth Advisory for India’s Elite

Launched in April 2021 by ex-IIFL Wealth veterans Sandeep Jethwani, Vaibhav Porwal, and Sahil Contractor, Dezerv caters to high-income salaried professionals and entrepreneurs. Its platform marries expert curation with cutting-edge tools, enabling users to track ₹2 trillion in assets—from mutual funds and stocks to FDs and NPS—via the intuitive Dezerv App, which boasts over 500,000 downloads. Operating from hubs in Mumbai, Delhi, Bengaluru, Hyderabad, and Pune, it spans more than 200 cities, delivering tailored portfolio strategies that have consistently generated nearly 30% returns for clients since day one.

By harnessing India’s account aggregator framework, Dezerv is set to unlock hyper-personalized solutions, blending human expertise with data-driven precision to build lasting trust in an increasingly complex investment landscape.

Growth Amid Scaling Pains

Dezerv’s momentum is evident in its financials: Operational revenue soared 157% to ₹26.25 crore in FY24 from ₹10.20 crore the prior year, per data from TheKredible. Yet, as with many high-octane startups, aggressive expansion drove losses up 95% to ₹74.53 crore in FY24 from ₹38.20 crore in FY23. With FY25 results pending, the firm’s trajectory—bolstered by quadrupling AUM projections for 2025—signals resilience and a clear path to profitability in India’s burgeoning $1 trillion wealth management sector.

Pioneering the Future of Affluent Investing

As India’s affluent class swells, Dezerv’s blend of institutional rigor, tech savvy, and client-first innovation positions it as a frontrunner. Backed by visionaries like Premji Invest’s Saravanan Nattanmai and Accel’s Abhinav Chaturvedi, who hail its “resilient client flows” and “modern client experience,” Dezerv isn’t just raising funds—it’s architecting the next era of trustworthy wealth creation for millions.