Mumbai, 9th December, 2024: Dezerv, India’s premier tech-led wealth management firm, today announced that its total Assets Under Management (AUM) have crossed INR 10,000 crore comprising AIF, PMS and distribution assets.

Dezerv has grown over 7x in a span of just two years. The firm now aims to achieve INR 25,000 crore in AUM by the end of 2025, reinforcing its position as one of the fastest-growing and most trusted investment platforms in the country.

Founded in 2021 by veteran wealth managers, Sahil Contractor, Sandeep Jethwani, and Vaibhav Porwal, Dezerv has leveraged proprietary active strategies, data-driven portfolio construction, and technology-led portfolio execution to outperform industry benchmarks.

Its mission aligns closely with the needs of India’s emerging wealth creators—investors seeking research-backed, risk-managed growth solutions.

In December 2022, Dezerv managed INR 1,265 crore. By December 2024, this number has grown to INR 10,048 crore —an unparalleled trajectory that attests to the company’s ability to deliver performance and client satisfaction.

With a team of 300 professionals and offices in Mumbai, Delhi, Bengaluru, Hyderabad, and Pune, Dezerv serves a wide range of high-net-worth clients, including wealth creators from leading companies like Amazon, Zomato, Swiggy, Google, BCG, and McKinsey.

Dezerv’s “Wealth Monitor App”—their proprietary investment analytics platform, evaluated over 400,000 portfolios and found nearly 60% underperforming their market benchmarks.

By combining data-led portfolio construction, tech-led portfolio execution and transparent fee structure, Dezerv helps clients overcome these performance gaps.

“We are deeply grateful to our clients for placing their trust in Dezerv. They have empowered us to steward their wealth responsibly and create wealth in a risk-managed manner. For many of India’s wealth creators, we’re honoured to be their wealth manager of choice, and we’re also proud to lead the wealth-tech ecosystem with benchmark-setting initiatives. This milestone belongs to our incredible team, whose unwavering commitment to excellence and integrity drives every decision we make. Our technology investments ensure personalised, data-led strategies, efficient execution, and complete transparency. We have also made significant investments in security, governance, and regulatory compliance to safeguard our clients’ interests. We look forward to scaling new heights together as we continue to transform wealth management in India.”, said Sandeep Jethwani, Co-founder, Dezerv.

About Dezerv

Dezerv is a wealth management company that combines the expertise of seasoned investment professionals with advanced technology, providing solutions for India’s leading wealth creators.

With over INR 10,000 crore in Assets Under Management (AUM), encompassing AIF, PMS, and distribution assets and a dedicated team of professionals, Dezerv is assisting India’s wealth creators in their investment objectives through a SEBI-registered Portfolio Management Scheme (PMS) platform.

We’re serving our clients from our 5 offices across the country. Our proprietary Wealth Monitor platform tracks assets totalling more than INR 100,000 crore, ensuring data-driven insights on portfolio performances.

Our founders, with past experience managing assets exceeding INR 50,000 crore, are solving the pitfalls of traditional wealth management through their vision for Dezerv. Sahil Contractor, Sandeep Jethwani and Vaibhav Porwal, come with a collective experience spanning over 60 years, managing wealth for some of the largest business families in India.

Recently, Dezerv has secured INR 265 crore in a funding round led by Premji Invest, with continued support from our existing investors – Elevation Capital, Z47 (fka Matrix Partners India), and Accel.

For more information, visit www.dezerv.in.

Media Contact

Yash Bhargava
Email: yash.bhargava@dezerv.in
Phone: +91 80802 12000

I hope this letter finds you in great spirits. Today, Sahil, Vaibhav and I are thrilled to share an exciting milestone in our journey. Dezerv has secured a strategic funding round of Rs 265 Crores, led by Premji Invest, with continued support from our existing investors, powering the next phase of our mission to revolutionize wealth management for India’s wealth creators like you.

First, let me express our deepest gratitude. Your trust in Dezerv to grow your wealth has been the fuel driving our relentless pursuit of excellence. In just two years, we’ve seen a staggering 14x growth in client assets, now standing over INR 7,000 Crores. This exponential growth is a testament to the faith you’ve placed in us.

But we’re just getting started.

India is on the cusp of an unprecedented wealth creation boom. By 2027, we’ll have ~30 Lakh households with financial assets of INR 1 Crore or more. You’re at the forefront of this wave, and we’re committed to ensuring you ride it to its fullest potential.

With this new funding, we’re doubling down on our promise to you:

1. Innovative investment solutions: We’re crafting cutting-edge strategies tailored for the unique needs of India’s wealth creators.

2. Enhanced technology: Expect a supercharged platform delivering an even more seamless and personalized experience.

3. Top-tier talent: We’re bringing on board the best investment minds in the country to work tirelessly for your financial success.

The backing of Premji Invest represents far more than just capital infusion – it’s a resounding endorsement of our vision and approach. Renowned for their meticulous due diligence and long-term strategic outlook, Premji Invest brings a wealth of experience in nurturing innovative businesses. Their investment philosophy, shaped by decades of success in the technology sector and a commitment to ethical business practices, aligns perfectly with our mission.

Remember, this is a capital-intensive business. Building trust, ensuring regulatory compliance, and maintaining robust governance require significant resources. This fundraise empowers us to invest heavily in these critical areas, reinforcing the security and reliability you deserve.

As we look ahead, the future is bright. India’s wealth creators are set to add nearly 100 trillion rupees over the next five years, growing at a 14% CAGR. The financialisation of assets has increased from 45% in FY14 to 51% in FY23 as a percentage of total wealth. Managed assets in India, including mutual funds and PMS/AIF, are expected to grow at a CAGR of 25% from FY23 to FY30.

You’re not just witnessing this growth – you’re part of it. And we’re here to ensure you maximize every opportunity.

This fundraise isn’t just our success – it’s yours. It’s a reinforcement of our commitment to your financial journey. As we scale new heights, our focus remains unwavering: to deliver superior returns, maintain absolute transparency, and provide you with investment solutions that truly work for you.

Just as you show up every day to create wealth, we’ll show up with renewed vigor to protect and grow it.

Thank you for being an integral part of the Dezerv family. Here’s to many more years of shared success and wealth creation.

Onwards and upwards,

Sandeep

Co-Founder, Dezerv

The wealth management platform for India’s wealth creators, Dezerv, plans to invest fresh capital into crafting new investment strategies, boosting its technology platform to deliver superior client experience, and hiring investment specialists for its next growth phase.

India is witnessing an unprecedented rise in wealth creation. This megatrend is demonstrably clear among affluent and emerging high net worth investors – defined as Individuals with investable wealth greater than INR 1 Crore. However, this segment remains severely underserved by traditional wealth managers and retail banks and is hampered by mis-selling and conflicts of interest. Nearly two-thirds of over 250,000 mutual fund portfolios, comprising over INR 60,000 Crores, analysed by Dezerv’s Wealth Monitor app showed that they struggled to beat their benchmarks, resulting in missed gains of over INR 2500 Crores.

“India’s wealth creators are set to add nearly $1.2 trillion over the next five years, with their wealth growing at a 14% CAGR. At Dezerv, our mission is to support India’s affluent and HNIs in their wealth creation journey. Over 65% of HNI portfolios often suffer from underperformance due to mis-selling and over-diversification. We address these issues with trusted, customised investment solutions, centrally managed portfolios, and a technology-first approach for superior client experiences. Building trust and delivering top-tier service requires significant capital for client asset security, regulatory compliance, and good governance. We are grateful for the substantial support from Premji Invest and our existing partners. Premji Invest’s nuanced understanding of investment management aligns perfectly with our goals, and our partners’ continued reinvestment endorses our commitment to excellence.”, said Sandeep Jethwani, Co-Founder, Dezerv

“The financialisation of savings is gaining significant momentum in India. With the deepening of the capital markets, navigating the complex risk-return dynamics across multiple asset classes becomes increasingly challenging, especially for the mass affluent segment. Dezerv has addressed this with remarkable agility, offering centrally managed portfolios that leverage advanced analytics and technology, providing a personalised client experience sustainable even at scale. They have built a strong product roadmap across various investment solutions, positioning themselves as the most preferred, tech-led, open architecture wealth management platform. Their vision to revolutionise wealth management for India’s emerging wealth creators aligns perfectly with our investment ethos, and we are excited to support their journey,” said Saravanan Nattanmai, Partner, Premji Invest

Talking about the investment, Mridul Arora, Partner, Elevation Capital, said, ” Wealth creation in India is on the brink of a significant surge. We at Elevation believe that India’s Affluent+ segment will drive a revenue unlock of up to $100B by FY30. Winning this segment requires differentiated channel acquisitions and high-quality experiences, which Dezerv is capturing with its transparent, tech-led, and customised wealth management solutions. With over a decade of experience in wealth management, Sandeep, Vaibhav, and Sahil bring a unique vision and capability to drive significant market impact, addressing the discerning needs of emerging affluent Indians that traditional wealth managers cannot meet due to their high costs and limited experience. We are thrilled to continue supporting Dezerv as they supercharge their mission to become India’s premier platform and reshape the landscape of investment solutions“

“We have conviction that wealth-tech in India is at an inflection point. Affluent professionals and emerging HNIs are actively seeking new financial products and are more willing to pay for professional expertise today. Dezerv’s digital-first proposition, coupled with a portfolio approach that is the right mix of risk-reward-tax, has catapulted them to being a market leader in a short-span of time. We are privileged to be early backers and are excited to double-down on our partnership” said Vikram Vaidyanathan, Managing Director, Matrix Partners India (aka Z47)

“Dezerv is setting a new standard for personalised, transparent, and effective wealth management in India. We are excited to continue our partnership with Sandeep, Vaibhav, Sahil, and their team as they innovate and scale their platform to address the evolving needs of HNIs,” said Abhinav Chaturvedi, Partner at Accel

About Dezerv

Dezerv has emerged as one of India’s fastest-growing wealth management platforms, dedicated to driving portfolio outperformance for the nation’s wealth creators. Founded by Sahil Contractor, Sandeep Jethwani, and Vaibhav Porwal, each with over 2 decades of experience in wealth management, Dezerv manages over INR 7,000 Crores in client assets. These assets are strategically allocated across proprietary equities, fixed income, and alternative investment strategies. With a robust technology-first approach, Dezerv ensures a superior client experience. Operating from offices in Mumbai, Bangalore, Delhi, Hyderabad, and Pune, its team of over 250 professionals is committed to redefining wealth management. The Dezerv Wealth Monitor App, tracking assets exceeding INR 60,000 Crores, has rapidly become the preferred tool for financial health assessments in India.

Learn more on www.dezerv.in

Release Date

July 09, 2024

For Media Queries

Yash Bhargava

Email: yash.bhargava@dezerv.in

Phone: +91 80802 12000