Dezerv, a wealth management startup, will prioritize risk management in 2025 as it seeks to expand its assets under management from Rs 10,000 crore to Rs 25,000 crore by FY26. Co-founder Sandeep Jethwani emphasizes wealth preservation as a key strategy. The company has raised $60 million in funding and aims to enhance relationships with its affluent clients amidst growing investments in the wealth-tech sector.
Wealth management startup Dezerv is set to prioritize risk management in 2025 amid ongoing global uncertainties. Currently catering to high-net-worth individuals such as founders and C-suite executives, Dezerv aims to increase its assets under management from Rs 10,000 crore to Rs 25,000 crore by the end of FY26.
Sandeep Jethwani, co-founder of Dezerv, emphasized the importance of a cautious approach, stating, “What kind of assets will I offer will be a function of how I preserve wealth first and then decide to grow it.” He added that the firm will ensure portfolios include sufficient safety buffers.
Dezerv, founded in 2021 by Jethwani, Sahil Contractor, and Vaibhav Porwal, has raised a total of $60 million over multiple funding rounds, attracting investors such as Accel and Premji Invest. The company secured its initial funding of $7 million from entities including Elevation Capital, Z47, and Blume Ventures.
The wealth management sector is witnessing growth, with notable investments in wealth-tech companies amid an increasing number of high-net-worth individuals. For example, in September 2024, Centricity raised a $20 million seed round, while Univest recently secured a $10 million Series A funding.
Despite challenges, there is significant room for expansion within these wealth management platforms. Analysis from Dezerv indicates that 64% of all mutual fund portfolios over Rs 40 lakh have failed to outperform benchmark indices. Consequently, Dezerv aims to enhance client engagement and deepen relationships with existing clients.
Dezerv operates in the wealth management sector, primarily focusing on first-generation wealth creators, including company founders and C-suite executives. The firm has identified the need to prioritize risk management in an environment of global economic uncertainty, aiming to grow its assets significantly over the next few years. This strategic approach aligns with broader trends in wealth-tech investments and highlights the competitive landscape among wealth management platforms.
In summation, Dezerv is strategically positioning itself for 2025 by emphasizing risk management and wealth preservation amidst market uncertainties. The firm’s ambitious goal to grow its assets under management reflects a robust growth strategy while addressing the needs of its affluent clientele. The evolving wealth landscape presents opportunities for Dezerv to deepen client relationships and enhance overall portfolio performance.
Original Source: www.financialexpress.com
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