Dezerv raised $30 million in equity funding led by Premji Invest while Stable Money secured another $17 million with RTP Global likely to lead the round
Dezerv raised $30 million in equity funding led by Premji Invest while Stable Money secured another $17 million with RTP Global likely to lead the round
04/03/24, 12:39 AM
Location
Money raised
$30 million
Industry
financial services
Investors
Rtp Global, Premji Invest
Wealth management platform Dezerv is close to racking up $30 million in equity funding led by Premji Invest while Bengaluru-based Stable Money is set to secure another $17 million. Stable Money, on the other hand, is building a fixed-income investment platform for new-age investors.
Company Info
Location
india
Additional Info
The company intends to use the proceeds from the current round to focus on strengthening its user experience, introduce newer investment opportunities and grow its talent pool, it said in a statement on Monday. The invite-only platform allows users to start investing from Rs 50,000 onwards. The company has already seen close to Rs 800 crore being invested through its platform. ”The startup also counts other prominent founders such as OfBusiness cofounders Ruchi Kalra and Asish Mohapatra; Meesho cofounder Vidit Aatrey; and Acko founder Varun Dua as investors. The latest funding comes after the company said it had raised $7 million as part of its maiden institutional round - co-led by Elevation and Matrix - in September last year.“Indian wealth-tech is at a tipping point, with an influx of new affluent investors over the last few years, who now need expert advice to navigate uncertain markets.