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Dezerv raises Rs 265 crore in funding led by Premji Invest.
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The wealth management platform plans to invest in new investment strategies, technology, and hiring specialists.
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Dezerv aims to address underperformance and mis-selling in HNI portfolios with customized investment solutions.
Dezerv, a Mumbai-based wealth management platform, has raised Rs 265 crore in funding led by Premji Invest. The company plans to use the fresh capital to invest in new investment strategies, technology upgrades, and hiring specialists for its next growth phase. With over Rs 7,000 crore in client assets, Dezerv aims to address the issues of underperformance and mis-selling in high net-worth individual (HNI) portfolios.
Dezerv provides advisory and investment services across multi-assets and instruments, including alternatives and new asset classes. The platform focuses on senior working professionals and HNIs, offering customized investment solutions and centrally managed portfolios. With a technology-first approach, Dezerv aims to provide superior client experiences and build trust.
The funding round takes the total capital raised by Dezerv to almost $60 million. The company reported a net loss of Rs 57 crore and Rs 1,000 crore in revenue in FY23. Dezerv plans to continue its growth trajectory with this fresh funding.
