Dezerv, an Indian technology-driven wealth management platform established in 2021, has successfully raised ₹350 crore ($39 million) in a Series C funding round, bringing its total capital raised to over ₹850 crore ($95 million).

This all-primary round was co-led by existing investors Premji Invest and Accel’s Global Growth Fund, with continued participation from Elevation Capital and Z47. This investment highlights ongoing confidence in Dezerv’s long-term strategy and vision.

Dezerv provides wealth management services specifically designed for India’s wealth creators, leveraging technology and financial expertise to offer investment solutions across various asset classes. The newly secured capital will be allocated to strengthening the company’s technology infrastructure, expanding its range of investment solutions, and enhancing the overall client experience. Dezerv also intends to recruit and train additional relationship managers to facilitate its evolution into a comprehensive wealth management institution serving the financial needs of entire families.

The firm currently manages more than ₹14,000 crore across portfolio management services (PMS), alternative investment funds (AIF), and distribution assets. It serves clients in over 200 cities and maintains offices in Mumbai, Delhi, Bengaluru, Hyderabad, and Pune. Since its inception, Dezerv has reported rapid growth, assisting over 500,000 investors in tracking and analyzing ₹2 lakh crore in assets through its proprietary app. The platform presently allows users to monitor mutual funds, stocks, bank accounts, NPS, and fixed deposits, with plans to integrate bonds, ReITs, InvITs, loans, and credit cards by the end of the year.

Sandeep Jethwani, co-founder of Dezerv, commented on the funding, stating, “India’s wealth creators have built their wealth through hard work, grit, and sacrifice, and it deserves to be managed with the same determination and care with which it was created. That means unfaltering processes, state-of-the-art technology, investment solutions focused on sustainable compounding, and competent and principled relationship managers.” He added, “This fresh capital will help us deepen these capabilities and strengthen our foundation to build a pioneering financial institution. We are grateful to our investors for their continued backing and long-term alignment as we pursue our vision of serving India’s wealth creators for decades to come.”

Saravanan Nattanmai, partner at Premji Invest, noted the company’s performance, saying, “Since our initial investment last year, Dezerv’s AUM is on track to quadruple by the end of this year, driven by resilient client flows and a combination of organic and inorganic capital allocation from its customers.” He further stated, “Dezerv’s commitment to enhancing customer experience is evident in its AI-enabled, technology-first approach to prospecting and onboarding, tailored product offerings, and proactive engagement — all fueling industry-leading growth and robust unit economics. With a full-stack platform for wealth solutions across equity and credit, and a uniquely trained relationship management team, Dezerv is well positioned to set new industry standards for risk-adjusted returns and superior client outcomes in wealth management for India’s emerging wealth creators.”