Fintech company Dezerv raises $21 million in Series A funding from Accel, Elevation Capital and Matrix Partners India

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Value creation platform Dezerv has raised $21 million in Series A funding, led by Accel with participation from existing investors Matrix Partners India and Elevation Capital.

Dezerv was founded in 2021 by Sandeep Jethwani, Vaibhav Porwal and Sahil Contractor who have 50+ years of collective experience managing over Rs 50,000 crore. It has been an invitation platform since its inception. But now it has opened access to all workers in India, giving them an opportunity to invest like the ultra-rich do.

The platform allows users to invest as little as Rs 50,000. The company plans to make expert-led investing available to professionals using its Integrated Portfolio Approach (IPA).

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With this fundraising, it intends to focus on enhancing the user experience, introducing new investment opportunities and expanding the talent pool.

According to the company, the need for expert-led investment has been validated as the platform has seen over one lakh workers sign up for access and this number is growing multiple times.

The non-traditional investment offerings, which include high-yield debt and pre-IPO deals, have also received good responses, with most of the offerings being subscribed to within 24 hours, the company claimed.

Furthermore, Dezerv said, it has recently received an AIF and PMS license to expand the investment options available to users.

Sandeep Jethwani, Co-Founder of Dezerv said: “This fundraising is another step towards our goal of delivering real investment expertise to India’s workers. The need for better investment performance has never been felt more acutely than in the current volatile environment. The overwhelming response in our early days combined with this fundraising from three of India’s top venture capital funds further strengthens our mission. We are delighted to welcome Accel to the partnership, as we have the continued support of Matrix Partners India and Elevation Capital.”

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Commenting on the fundraising, Abhinav Chaturvedi, Partner, Accel said, “We are delighted to partner with Dezerv in their journey to provide investment expertise to working professionals in India. As information asymmetry increases in terms of investments and financial products, there is a greater need for domain experts who manage money and deliver sustainable returns. We believe that the team at Dezerv, with decades of experience, is best equipped to fill this gap faced by workers in India.”