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