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Investors are increasingly betting on Indian wealthtech startups. Dezerv, a wealth management platform, has raised $32 million (Rs 265 crore) in a funding round led by Premji Invest, valuing the company at approximately $200 million. All three founders divested roughly a little over 2% stakes. Whiteboard Capital made a 23X return on its investment in Dezerv, having invested Rs 1.5 crore in 2021 and selling off a 3% stake for an estimated Rs 34 crore. The investment was earlier reported by TechCrunch and confirmed in a regulatory filing.
Investors chase wealth tech startups in India as affluent class grows 🇮🇳 https://t.co/mHVwjw0XHy #fintech #wealthtech #InvestingIndia #TechStartups #AffluentIndia #WealthManagement #FintechIndia #IndianEconomy #WealthCreation https://t.co/TvI4azpeLA
🚨🚨Whiteboard Capital has made a 23X return on its investment in Dezerv It had invested Rs 1.5 crore in 2021 and has now sold off a 3% stake for an estimated Rs 34 crore https://t.co/AvnfMrfct7
#Dezerv raises $30 million in strategic funding round led by #PremjiInvest https://t.co/5RTtdRYLjf