Dear valued Dezerv client,
I hope this letter finds you in great spirits. Today, Sahil, Vaibhav and I are thrilled to share an exciting milestone in our journey. Dezerv has secured a strategic funding round of Rs 265 Crores, led by Premji Invest, with continued support from our existing investors, powering the next phase of our mission to revolutionize wealth management for India’s wealth creators like you.
First, let me express our deepest gratitude. Your trust in Dezerv to grow your wealth has been the fuel driving our relentless pursuit of excellence. In just two years, we’ve seen a staggering 14x growth in client assets, now standing over INR 7,000 Crores. This exponential growth is a testament to the faith you’ve placed in us.
But we’re just getting started.
India is on the cusp of an unprecedented wealth creation boom. By 2027, we’ll have ~30 Lakh households with financial assets of INR 1 Crore or more. You’re at the forefront of this wave, and we’re committed to ensuring you ride it to its fullest potential.
With this new funding, we’re doubling down on our promise to you:
1. Innovative investment solutions: We’re crafting cutting-edge strategies tailored for the unique needs of India’s wealth creators.
2. Enhanced technology: Expect a supercharged platform delivering an even more seamless and personalized experience.
3. Top-tier talent: We’re bringing on board the best investment minds in the country to work tirelessly for your financial success.
The backing of Premji Invest represents far more than just capital infusion – it’s a resounding endorsement of our vision and approach. Renowned for their meticulous due diligence and long-term strategic outlook, Premji Invest brings a wealth of experience in nurturing innovative businesses. Their investment philosophy, shaped by decades of success in the technology sector and a commitment to ethical business practices, aligns perfectly with our mission.
Remember, this is a capital-intensive business. Building trust, ensuring regulatory compliance, and maintaining robust governance require significant resources. This fundraise empowers us to invest heavily in these critical areas, reinforcing the security and reliability you deserve.
As we look ahead, the future is bright. India’s wealth creators are set to add nearly 100 trillion rupees over the next five years, growing at a 14% CAGR. The financialisation of assets has increased from 45% in FY14 to 51% in FY23 as a percentage of total wealth. Managed assets in India, including mutual funds and PMS/AIF, are expected to grow at a CAGR of 25% from FY23 to FY30.
You’re not just witnessing this growth – you’re part of it. And we’re here to ensure you maximize every opportunity.
This fundraise isn’t just our success – it’s yours. It’s a reinforcement of our commitment to your financial journey. As we scale new heights, our focus remains unwavering: to deliver superior returns, maintain absolute transparency, and provide you with investment solutions that truly work for you.
Just as you show up every day to create wealth, we’ll show up with renewed vigor to protect and grow it.
Thank you for being an integral part of the Dezerv family. Here’s to many more years of shared success and wealth creation.
Onwards and upwards,
Sandeep
Co-Founder, Dezerv