Wealthtech Firm Dezerv Raises $40 Million
Wealth tech platform Dezerv has raised ₹350 crore (approximately $40 million) in a funding round co-led by Premji Invest and Accel's Global Growth Fund.
The Series C round also saw participation from Elevation Capital and Z47 (formerly Matrix Partners India), bringing the total amount raised by Dezerv to around $100 million.
- In July last year, Dezerv raised $32 million in a Series B round led by Premji Invest.
- In September 2021, Dezerv raised $7 million in a seed round co-led by Elevation and Matrix.
- In March this year, Dezerv launched an Employee Stock Ownership Plan (ESOP) buyback program worth $5.3 million for both existing and current employees.
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Author's summary: Dezerv raises $40 million in Series C funding.