Dezerv Completes ESOP Buyback Programme for Employees

Wealthtech platform Dezerv has finalised its Employee Stock Ownership Plan (ESOP) buyback initiative, which allows for the liquidation of vested stock valued at Rs 46 crore (approximately $5.3 million) for both former and current employees.

Last July, the Mumbai-based firm raised $32 million in a Series B funding round led by Premji Invest. To date, Dezerv has successfully garnered around $60 million in total, which includes a $7 million seed round co-led by Elevation and Matrix Capital in September 2021.

According to various reports, Premji Invest holds a 9.84% stake in the company’s cap table, while Elevation Capital, Matrix, and Accel possess 15.28%, 15.28%, and 11.46% stakes, respectively.

Dezerv’s Portfolio Management Services

Dezerv provides portfolio management services tailored to high-earning professionals and business individuals. The company manages investment portfolios by utilising its in-house team of experts and claims to have delivered nearly 30% returns to its users since its establishment in April 2021.

Revenue Growth

As reported by Thekredible, Dezerv’s operational revenue surged to Rs 26.25 crore in FY24, a significant increase from Rs 10.20 crore in FY23.

Comparative Wealth Creation in 2024

In 2024, Swiggy and Urban Company, which is gearing up for its IPO, emerged as leading wealth generators for their employees through ESOP liquidity initiatives. Swiggy’s scheme was valued at $65 million, while Urban Company’s was pegged at $24 million. Additionally, in 2025, both Rapido and Even announced their inaugural ESOP buyback programme.