Invest-tech platform dezerv. Raises $7 million in seed round from Elevation Capital

Given that this is a seed round, the size of the capital raised was quite large.

Founded in April 2021 by former IIFL Wealth Senior Managing Partners Sandeep Jethwani, Vaibhav Porwal and Sahil Contractor, dezerv. It aims to help under-served Indian working professionals invest like experts by providing an integrated portfolio approach combined with expert advisory.

The platform will help users take calculated risk to maximize returns with the right portfolio mix and will also help unlock access to new asset classes – currently only available to high net worth individuals – such as curated high-end yield bonds and emerging high growth startups.

“We realized that not many successful working professionals have the time or inclination or bandwidth to be able to allocate and build their portfolio. So what we did was we said we would create two offerings on a digital platform. The first offering This is what we call the Integrated Portfolio Approach. Now the Integrated Portfolio Approach combines our experience and learnings from modern portfolio theory to create multi asset multi instrument portfolios that are offered digitally online. And these portfolios With S.O., the objective is to maximize and maximize returns for the client, while controlling the downside that users may see as market volatility over time,” said Sandeep Jethwani, Co-Founder, Dezerv said.

“The other thing we said was that there is a play among users to invest in options, in pre-IPO companies, in startups and in high quality bonds, but these are not getting enough due diligence or review. . are recommended. So, we said that we want to play that trusted role where we will work diligently and review such opportunities and present them to our customers.”

According to Vaibhav Porwal, co-founder of Deserve, the platform is different from other fintech players as it does not rely heavily on historical data to make its recommendations.

“When we built our integrated portfolio, the first thing we wanted to make sure was it was not getting influenced by historical data. Hence, the overlay of expertise is extremely important in projecting future returns. which are based purely on historical data.”

Currently, the forum is invite-only.

The company plans to use the funds to build a stronger team, launch its investment-tech product platform, and redefine the investment experience for working professionals in India.

“One of the big things we want to do is build a very strong, scalable technology infrastructure to be able to deliver this, we think, for a platform that is managing money, a It is important to have a very strong technical infrastructure, which is secure, and which provides a high quality user experience. So this is one of the biggest uses of this capital. The other big use of this capital is to deepen our investment expertise Well, we think we should deepen the investment team. And the third is mainly to deliver our message. So we are working a lot on educating the users about the right financial journey, right approach for investing Jethwani said.