Wealth Management Platform Dezerv Raises Rs 265 Cr In Funding Round Led By Premji Invest

Wealth management platform Dezerv, on Tueday, said that it has secured Rs 265 crore funding in a round led by Premji Invest. This round also saw participation from existing investors such as Elevation Capital, Matrix Partners India (aka Z47), and Accel.

The wealth management platform will invest the fresh capital into crafting new investment strategies, boosting its technology platform to deliver superior client experience, and hiring investment specialists for its next growth phase.

The statup said, "this segment remains severely underserved by traditional wealth managers and retail banks and is hampered by mis-selling and conflicts of interest."

Sandeep Jethwani, Co-Founder, of Dezerv, said, “India's wealth creators are set to add nearly $1.2 trillion over the next five years, with their wealth growing at a 14 per cent CAGR. We support India's affluent and HNIs in their wealth-creation journey."