Dezerv raises ₹350 crore Series C led by Premji Invest and Accel

Mumbai, India | 13th October 2025

Dezerv, the technology-driven wealth management platform serving India’s wealth creators, has raised ₹350 crore in a Series C round co-led by Premji Invest and Accel’s Global Growth Fund, with continued participation from Z47 and Elevation Capital. 

This all-primary round brings Dezerv’s total capital raised to over ₹850 crore and reflects the deep conviction shared by its long-term investors in the company’s vision to build India’s most trusted wealth management institution.

Founded in 2021 by Sahil Contractor, Sandeep Jethwani, and Vaibhav Porwal, industry veterans who previously led wealth management at IIFL, Dezerv has grown to manage over ₹14,000 crore across PMS, AIF, and distribution assets. The platform today serves clients in 200+ cities, offering data-led solutions across Equity, Fixed Income, and Alternatives.

“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. 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” said Sandeep Jethwani, Co-founder, Dezerv.

“We’ve backed Sandeep, Sahil, and Vaibhav and the Dezerv team from day zero and their unique insight, clarity of purpose and delightful customer experience continues to set them apart. The team is well on its way to becoming India’s most trusted, full-stack wealth manager, blending technology and a human touch. We’re excited about the growth trajectory ahead and to double down on our partnership as Dezerv continues to compound both capital and trust at scale.”added Vikram Vaidyanathan, Managing Director at Z47

With this round, Dezerv aims to accelerate its transition into a full-stack wealth manager, expanding its investment suite, deepening its technology infrastructure, and strengthening its relationship manager network. The company also continues to scale its popular Dezerv App, which enables over 5 lakh Indians to track and analyse ₹2 lakh crore in assets: among the largest net-worth tracking tools in India

About Dezerv 
Dezerv is a technology-driven wealth management platform built to serve India’s wealth creators. Founded in 2021 by Sahil Contractor, Sandeep Jethwani and Vaibhav Porwal, Dezerv manages over ₹14,000 crore across PMS, AIF and distribution assets. It serves clients in over 200+ cities from its 5 offices in Mumbai, Delhi, Bengaluru, Hyderabad and Pune. Dezerv is backed by some of India’s most marquee investors such as Premji Invest, Accel Partners, Elevation Capital and Z47.

For more information, visit www.dezerv.in

About Z47
Founded in 2006, Z47 is an investment Firm with more than 150 investments till date and an AUM of over $3.5 billion. Guided by a ‘founders first’ philosophy, Z47 is committed to backing missionary founders leading India to its goal of becoming a developed nation by 2047, prioritizing founders over markets. 

Z47’s focus sectors include Financial Services, Consumer, B2B, Advanced Manufacturing and Enterprise AI amongst others. We are proud partners to several Financial Services companies; select ones include Jupiter, OneCard, Oxyzo, and Scapia. Other select investments include Dailyhunt, Five Star Business Finance, OfBusiness, Ola, Ola Electric, and Razorpay. 

Z47 has offices in Mumbai, Delhi, Bengaluru and GIFT City.