logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Dezerv raised $30 million in equity funding led by Premji Invest while Stable Money secured another $17 million with RTP Global likely to lead the round

Apr 03, 2024•over 1 year ago

Amount Raised

$30 Million

Indiainformation technology & servicesFinancial Services

Investors

Rtp GlobalPremji Invest

Description

Wealth management platform Dezerv is close to racking up $30 million in equity funding led by Premji Invest while Bengaluru-based Stable Money is set to secure another $17 million. Stable Money, on the other hand, is building a fixed-income investment platform for new-age investors.

Company Information

Company

Dezerv

Location

India

About

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.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech