Dezerv, an innovative WealthTech firm from India, today announced a significant funding achievement, securing INR 265 Crores ($31.7m).
This substantial financial boost was led by Premji Invest, accompanied by participation from existing backers Elevation Capital, Matrix Partners India (also known as Z47), and Accel.
Founded by seasoned veterans Sahil Contractor, Sandeep Jethwani, and Vaibhav Porwal, Dezerv has quickly risen as a leading wealth management platform, managing assets worth over INR 7000 Crores. The platform is dedicated to optimising portfolio performance for India’s burgeoning class of wealth creators, who now have more than INR 1 Crore in investable wealth.
The new funds are earmarked for several exciting advancements. Dezerv plans to develop fresh investment strategies, enhance its technological infrastructure to ensure superior client service, and expand its team by hiring additional investment specialists. These initiatives are aimed at propelling the company into its next phase of growth amid an expanding market of affluent and high net worth individuals in India.
Abhinav Chaturvedi, Partner at Accel, commented, “Dezerv is setting a new standard for personalised, transparent, and effective wealth management in India. We are excited to continue our partnership with Sandeep, Vaibhav, Sahil, and their team as they innovate and scale their platform to address the evolving needs of HNIs.”
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