Mumbai-based wealth management platform Dezerv has raised ₹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 round also saw continued participation from Elevation Capital and Z47 (formerly Matrix Partners India).
This marks Dezerv’s third major funding milestone in less than three years. The company previously secured $32 million in Series B funding in July 2024, also led by Premji Invest, and has now raised a total of around $100 million since inception — including its $7 million seed round in 2021 co-led by Elevation and Matrix.
Earlier this year, Dezerv also executed an Employee Stock Ownership Plan (ESOP) buyback worth $5.3 million, rewarding both current and former employees.
The company plans to deploy the fresh capital towards enhancing client experience, strengthening its technology capabilities, and expanding its investment products across asset classes. Dezerv also intends to hire 200 additional relationship managers over the next year to support its growing customer base.
Founded in April 2021, Dezerv offers portfolio management and wealth advisory services targeted at top salaried professionals and business owners. Leveraging in-house financial experts, the firm claims to have delivered nearly 30% returns to users since inception.
Operating across 200+ Indian cities with offices in Mumbai, Delhi, Bengaluru, Hyderabad, and Pune, Dezerv is looking to leverage India’s account aggregator framework to build more personalized wealth solutions. It also plans to extend its “One Model” platform to include InvITs, REITs, and precious metals as part of its diversification strategy.
Financially, Dezerv’s revenue from operations nearly tripled to ₹26.25 crore in FY24, compared to ₹10.20 crore in FY23. However, its losses widened to ₹74.53 crore from ₹38.20 crore during the same period, as per data from TheKredible. The company has yet to disclose its FY25 numbers.
With this round, Dezerv strengthens its position as one of India’s fastest-growing wealth-tech firms, focused on democratizing access to expert-led portfolio management.
By: Arushi Agarwal
