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Wealth Management Startup Dezerv Raises $21 Million In Funding Led By Accel

Wealth Management Startup Dezerv Raises $21 Million In Funding Led By Accel

08/08/22, 2:46 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgindia
Money raised
$21 million
Industry
financial services
Wealth management startup Dezerv has raised $21 million as part of a fresh funding round led by Accel.

Company Info

Company
Dezerv
Location
india
Additional Info
The company intends to use the proceeds from the current round to focus on strengthening its user experience, introduce newer investment opportunities and grow its talent pool, it said in a statement on Monday. The invite-only platform allows users to start investing from Rs 50,000 onwards. The company has already seen close to Rs 800 crore being invested through its platform. ”The startup also counts other prominent founders such as OfBusiness cofounders Ruchi Kalra and Asish Mohapatra; Meesho cofounder Vidit Aatrey; and Acko founder Varun Dua as investors. The latest funding comes after the company said it had raised $7 million as part of its maiden institutional round - co-led by Elevation and Matrix - in September last year.“Indian wealth-tech is at a tipping point, with an influx of new affluent investors over the last few years, who now need expert advice to navigate uncertain markets.

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