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