Team StartupCity

• Dezerv secures Rs 350 crore in Series C funding led by Premji Invest and Accel
• Plans to enhance technology, increase relationship managers, and broaden investment options
• Total funding surpasses Rs 850 crore as Dezerv aims to become a full-stack wealth manager

Wealth management startup Dezerv has raised Rs 350 crore in a Series C funding round led by Premji Invest and Accel’s Global Growth Fund, with Elevation Capital and Z47 also participating. This fresh capital will help Dezerv improve its technology, grow its team of relationship managers, and expand its investment offerings across multiple asset classes.

Founded in 2021 by Sahil Contractor, Sandeep Jethwani, and Vaibhav Porwal, Dezerv manages over Rs 14,000 crore in assets through portfolio management services (PMS), alternative investment funds (AIF), and distribution assets. The platform currently serves investors in more than 200 cities and enables over 500,000 users to track and analyze Rs 2 lakh crore via its app.

Sandeep Jethwani , Co-Founder of  Dezerv, emphasized that the company aims to manage clients’ wealth with the same care and dedication that created it. “This funding will strengthen our foundation and help us build a pioneering financial institution”, he said.

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Premji Invest’s Saravanan Nattanmai highlighted Dezerv’s strong growth, noting its assets under management are set to quadruple by year-end. Accel partner Abhinav Chaturvedi praised the startup’s tech driven, trust based approach, while Z47 and Elevation Capital applauded Dezerv’s customer focus and rapid scaling.

With this funding, Dezerv moves closer to becoming a trusted, full-stack wealth manager for India’s growing class of wealth creators.