Dezerv, a leading wealth management platform, has successfully raised ₹265 crore in a funding round led by Premji Invest. The round also saw participation from existing investors Elevation Capital, Matrix Partners India (aka Z47), and Accel. With this fresh infusion of capital, Dezerv aims to design innovative investment strategies, enhance its technology platform for superior client experiences, and expand its team of investment specialists.
The company currently manages client assets worth over ₹7,000 crore and is poised for significant growth in the rapidly expanding wealth management market in India. Sandeep Jethwani, Co-Founder of Dezerv, highlighted the company’s mission and future plans:
“In the next five years, India’s affluent are expected to increase their wealth by nearly $1.2 trillion, growing at 14 percent annually. Our goal is to help them, and HNIs in their wealth journey. Over 65 percent of HNI portfolios suffer from underperformance due to mis-selling and over-diversification. We tackle these challenges with tailored investment solutions, managed portfolios, and advanced technology for exceptional client experiences. Ensuring trust and top-notch service requires significant investment in client security, regulatory compliance, and governance.”
The funding comes at a time when Indians are increasingly channeling their savings into the financial markets, a trend known as financialisation. As the market grows more complex, Dezerv is committed to modernizing wealth management with personalized and scalable solutions. Saravanan Nattanmai, Partner at Premji Invest, emphasized this vision:
“Markets grow more complex for the mass affluent segment. The company envisions to modernize wealth management, which is personalized and scalable.”
Mridul Arora, Partner at Elevation Capital, praised Dezerv’s unique approach to capturing the affluent segment:
“Winning the affluent segment requires differentiated channel acquisitions and high-quality experiences, which the company is capturing with its transparent, tech-led, and customized wealth management solutions.”
Vikram Vaidyanathan, Managing Director at Matrix Partners India (aka Z47), expressed confidence in Dezerv’s growth and market position:
“Dezerv’s digital-first proposition, coupled with a portfolio approach that is the right mix of risk-reward-tax, has catapulted them to being a market leader in a short span of time. We are privileged to be early backers and are excited to double down on our partnership.”
Founded by Sahil Contractor, Sandeep Jethwani, and Vaibhav Porwal, Dezerv operates in Mumbai, Bengaluru, Delhi, Hyderabad, and Pune. The company’s team of over 250 professionals specializes in allocating assets across proprietary equities, fixed income, and alternative investment strategies. With the new funding, Dezerv is set to further cement its position as a leader in the wealth management industry, providing cutting-edge solutions to India’s affluent and HNI segments.