Dezerv, the Mumbai-based WealthTech platform, has rapidly emerged as one of India’s most prominent and innovative wealth management players. The company recently raised ₹350 crore (approximately $40 million) in an all-primary Series C round co-led by Premji Invest and Accel’s Global Growth Fund, with additional backing from Elevation Capital and Z47 (formerly Matrix Partners India). This round brings Dezerv’s total funding to over $60 million across three rounds since its launch in April 2021.
Funding Journey and Investor Backing
- Seed Round (2021-22): Dezerv secured $7 million from Elevation Capital and Matrix Partners India, with participation from Whiteboard Capital, Blume Founders Fund, and angel investors including the co-founders of Meesho, OfBusiness, and Acko.
- Series B (July 2024): Raised ₹265 crore (about $32 million) led by Premji Invest. The round saw continued support from Elevation Capital, Accel, and Z47, helping Dezerv cement its leadership among India’s new-age wealth management platforms.
- Series C (October 2025): The latest ₹350 crore investment co-led again by Premji Invest and Accel. Total AUM (assets under management) has grown to ₹14,000 crore, nearly 8x growth in two years, with the company now serving clients in 200 cities and targeting ₹25,000 crore AUM by December 2025.
Business Model, Differentiation, and Recent Developments
Dezerv offers data-driven portfolio management, direct bonds, and access to alternative and passive investment products for high-net-worth individuals (HNIs), salaried professionals, and business owners. The platform boasts nearly 30% portfolio returns for users and has built a nationwide footprint with offices in Mumbai, Delhi, Bengaluru, Hyderabad, and Pune.
Recent strategic initiatives:
- Rollout of the “One Model” platform, which aggregates REITs, InvITs, ETFs, gold, and precious metals, providing seamless portfolio diversification.
- Leveraging India’s Account Aggregator framework for deeper, personalized financial planning.
- Expansion of wealth offerings across asset classes, plus hiring of 200 relationship managers to strengthen client service and advisory, aiming for superior CX and faster onboarding.
Financial Performance (FY24):
- Revenue from operations grew 160% YoY to ₹26.25 crore, with total income at ₹26.33 crore.
- Employee benefits, marketing, and legal accounted for major costs; total expenses stood at ₹100.84 crore.
- Losses increased to ₹74.53 crore, reflecting aggressive growth investment in market expansion and talent.
- AUM: ₹14,000 crore (FY25 target: ₹25,000 crore).
Competitive Landscape
Dezerv competes with leading Indian wealth management and advisory platforms, including:
- Neo Wealth and Asset Management (tech-driven multi-asset manager)
- Waterfield Advisors (multi-family office and wealth advisory)
- Jupiter Money and Scripbox (digital-first portfolio platforms)
- GoalTeller (AI-powered financial planning and advisory)
- Smallcase, Wealthy.in, FundsIndia (retail and packaged portfolio management for individual investors).
- Legacy banking-affiliated platforms and global asset managers focusing on HNI and family office segments.
Read this: Equity Management Platform Qapita Raises $26.5 Mn in Series B Round Led by Charles Schwab
Summary:
Dezerv’s fresh ₹350 crore Series C round highlights its rapid rise as a top player in India’s wealthtech ecosystem. With robust funding, strong AUM growth, innovative product expansion, and aggressive scaling of advisory talent, Dezerv is well-positioned to compete with legacy and new-age platforms while delivering high returns, world-class digital CX, and diversified investment solutions for India’s next generation of wealth creators.
