Dezerv reports Rs 26 Cr revenue and Rs 75 Cr loss in FY24

Dezerv, a wealth management platform, reported Rs 26 crore in revenue for FY24 but incurred a loss of Rs 75 crore. The company’s losses widened due to increased spending on technology, marketing, and expanding its team. Despite the financial setback, Dezerv continues to focus on enhancing its platform and services to attract more clients. The company aims to achieve profitability by optimizing costs and improving operational efficiency. Dezerv’s performance reflects the broader challenges faced by fintech startups in balancing growth and profitability while investing in technology and customer acquisition. The company remains optimistic about its long-term prospects and plans to leverage its technological capabilities to drive future growth.