Elevation Capital & Matrix Partners co-leads a $7 Mn funding round for Dezerv.


Mumbai-based wealth management platform dezerv. has raised $7 million in series seed round funding led by Elevation Capital and Matrix Partners India.

The new round funding also saw the participation from Whiteboard Capital and Blume Founders Fund, in participation from Kunal Shah (CRED), Ramakant Sharma (LivSpace), Asish Mohapatra & Ruchi Kalra (Ofbusiness), Vidit Aatrey & Sanjeev Barnwal (Meesho), Varun Dua (Acko),  Nitin Gupta (Uni), Anurag Sinha (OneCard), Shashvat Nakrani & Suhail Sameer (BharatPe), Revant Bhate (Mosaic) along with marquee family offices including Taparia (FamyCare), RK Kedia (Manjushree), CJ Shah and Neeraj Goenka (Texport) and leading industry professionals like Akash Saxena (Hotstar), K Rangarajan (Five Star) and Aashish Sommaiyaa (WhiteOak).

“The company plans to use the funds to continue to build a strong team, launch and scale their invest-tech product platform and re-define investment experience for working professionals in India,” the statement said.

Established in April 2021 by former IIFL Wealth Senior Managing Partners Sandeep Jethwani, Vaibhav Porwal, and Sahil Contractor dezerv. aims to offer a fresh approach and platform to help underserved Indian professionals access investment expertise. 

Speaking on the fundraise, Sandeep, Sahil & Vaibhav in their joint statement said, “dezerv. will leverage the digital adoption and scalable investment infrastructure of post-pandemic India, coupled with decades of our experience to bring world-class investing to Indian professionals. We are excited to launch our unique Integrated Portfolio Approach that looks beyond selecting individual mutual funds, and delivers high performing portfolios while controlling risk.” 

“With their unique Integrated Portfolio Approach, built by investing experts, dezerv. plans to bring effortless investing to its clients, by providing a curated portfolio combination—handpicked for the individual investor and dynamic to keep abreast with evolving market situations. Currently, the platform is “invite-only”; users can apply on the dezerv.in website to access the platform and join a growing club of investors,” statement added.

Commenting on the funding, Mridul Arora, Partner, Elevation Capital, said, “We met the dezerv. the team earlier this year and were impressed by the depth of insights and wealth of experience that Sandeep, Sahil, and Vaibhav brought with them to build dezerv. We are big believers in the financialization of savings and democratizing access to financial products for customers across the affluence spectrum. Using a tech-first approach, dezerv. intends to ride on both these tailwinds and become the go-to platform for emerging affluents as they navigate their savings journey and build a portfolio suitable for their unique need and life-goals.”

“Digital-native affluent investors are on the brink of beginning their journey of building a portfolio across different asset classes. They need a solution-focused approach designed by experts and dezerv. aims to do just that. With their deep experience in wealth management over a decade, Sandeep, Sahil, and Vaibhav are best suited to solve this problem and we’re excited about partnering with them,” Vikram Vaidyanathan, Managing Director, Matrix India, further added.


Please enter your comment!
Please enter your name here