Dezerv Raises $40mm to Expand Indian Hybrid Advice Platform
- Kendrick Wakeman, CFA
- Oct 13
- 1 min read
Dezerv, a Mumbai-based digital wealth management platform, has raised ₹350 crore ($40mm) in a Series C funding round co-led by Premji Invest and Accel’s Global Growth Fund, with continued participation from Elevation Capital and Z47. The capital will be used to expand Dezerv’s investment offerings, deepen its technology platform, and onboard more relationship managers.
Founded in 2021 by Sahil Contractor, Sandeep Jethwani, and Vaibhav Porwal, Dezerv provides curated investment portfolios and advisory services tailored to affluent professionals. The platform manages over ₹14,000 crore ($1.6b) across PMS, AIF, and distribution assets, and serves clients in more than 200 cities. Its app enables users to track mutual funds, stocks, bank accounts, and other financial instruments, with plans to add bonds, REITs, InvITs, loans, and credit cards.
For advisors and integrators, Dezerv’s growth highlights the rising demand for D2C and advisor-led WealthTech platforms that combine institutional-grade investment solutions with personalized digital experiences.
KNote:------
Here we go again...another D2C/Hybrid advice platform in India raising money like it grows on trees. They have all been rocketing operationally as well, with many doubling and tripling revenue every year for the last three years.
