Wealthtech startup Dezerv has raised INR 350 Cr (about $39.4 Mn) in its Series C funding round led by existing investor Premji Invest and Accel’s Global Growth Fund, with participation from Elevation Capital and Z47.
The startup said it would use the capital raised via the all-primary round to deepen its technology platform, expand its suite of investment solutions across asset classes, and onboard relationship managers. This would accelerate Dezerv’s transition into a full-stack wealth manager, it added.
Founded in 2021 by Sahil Contractor, Sandeep Jethwani and Vaibhav Porwal, Dezerv began as an invite-only platform for wealth management. Later, it opened access to everyone. It provides customised investment solutions, particularly targeting senior working professionals and high-net-worth individuals, across multi-assets and vehicles.
The startup said it plans to add bonds, ReITs, InvITs, loans and credit cards to its platform by the end of 2025, making it a comprehensive platform for individuals to view and manage both their personal and family finances.
Dezerv claims to have enabled over 5 Lakh Indian investors to track and analyse INR 2 Lakh Cr in assets. It claims to have clients from over 200 cities in the country and manage over INR 14,000 Cr across PMS, AIF and distribution assets.
(The story will be updated soon)
The post Wealthtech Startup Dezerv Bags INR 350 Cr To Expand Investment Solutions Suite appeared first on Inc42 Media.
-
Skin Care Routine also follows the pimples on the face even after following? Then ‘this’ can be because, do the only change in the wrong habits
-
These 5 yoga asanas will provide relief from joint pain, a boon for arthritis patients
-
Made in India and sold all over the world! Apple’s great performance in 6 months, billions of iPhone exported abroad
-
14,000 engineering jobs, AI boost, signals a surge in Dravidian model – Obnews
-
New era of relationships in America: AI is now becoming a companion, not a human being.
