Mumbai-based dezerv. raises $7M In seed funding round co-led by Elevation Capital and Matrix Partners India

• BySheetal Sidhu     |    September 2, 2021

Mumbai-based dezerv., a new-age, expert investing platform, has raised $7 million in a seed funding round co-led by Elevation Capital and Matrix Partners India, with participation from investors such as Whiteboard Capital and Blume Founders Fund. This round also featured tech founders including Kunal Shah (CRED), Ramakant Sharma (LivSpace), Asish Mohapatra and Ruchi Kalra (Ofbusiness), Vidit Aatrey and Sanjeev Barnwal (Meesho), Varun Dua (Acko), Nitin Gupta (Uni), Anurag Sinha (OneCard), Shashvat Nakrani and Suhail Sameer (BharatPe), Revant Bhate (Mosaic) along with marquee family offices including Taparia (FamyCare), RK Kedia (Manjushree), CJ Shah and Neeraj Goenka (Texport) and industry professionals like Akash Saxena (Hotstar), K Rangarajan (Five Star) and Aashish Sommaiyaa (WhiteOak).

The startup plans to use the funding to continue to build a strong team, launch and scale its invest-tech product platform and re-define investment experience for working professionals in India. Mridul Arora, Partner, Elevation Capital, said, “We are big believers in financialisation of savings and democratising access to financial products for customers across the affluence spectrum. Using a tech-first approach, dezerv. intends to ride on both these tailwinds and become the go-to platform for emerging affluents as they navigate their savings journey and build a portfolio suitable for their unique need and life-goals.”

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