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    • Stock broking firm Dhan to acquire Elevation Capital-backed wealthtech firm Infinyte Club

      The acquisition bid follows a fresh funding round that valued Dhan’s parent company, Raise Financial Services, at $1.2 billion, a near 10X jump since 2021

    • Dhan raises $120 million from Hornbill Capital and others to join unicorn club, scale Gen Z stock broking

      The round had to be reduced in size, by about $30-80 million, as talks between Alpha Wave and Dhan did not materialise, sources said. Moneycontrol was first to report on Dhan turning a unicorn back in July 2024.

    • Dhan parent Raise Financial Services to launch ‘Fuzz,’ an AI model for serious investors and finance professionals

      An agentic AI model trained on large-scale, India-focussed financial datasets, Fuzz is built to deliver high domain expertise with contextual source-backed outputs.

    • Hornbill, MUFG to lead Dhan's $200 million fundraise at over $1 billion valuation

      Dhan has agreed on a deal with Hornbill and MUFG. Dream11's Harsh Jain is also doubling down on his bet. The company is also in discussions to pick a third investor between ChrysCap, TPG and Alpha Wave, sources said. Moneycontrol was first to report about Dhan's deal back in July 2024.

    • Dhan turns profitable with Rs 177 crore in FY24 as revenue surges by 689%

      The total income skyrocketed 689 percent to Rs 379 crore from Rs 48 crore in FY23, while operating expenses rose 101 percent due to higher employee costs and commissions.

    • Dhan displaces Paytm Money to enter the list of top 10 stock broking platforms

      Angel One looks on track to take over Zerodha as the second largest stock broking firm over next three months. Groww remains the leader, closing in on 1.2 crore users

    • Unicorn alert! Trading startup Dhan in discussions to raise $100 million at $1.5 billion valuation

      For Dhan, the new round will be its largest since its inception in 2021 and even the company’s valuation will increase significantly from around $150 million to a staggering $1.2-1.5 billion.

    • Paytm Money's user base dips post-RBI action; Dhan booms with 330% growth

      Fellow stock broking apps, including Groww, Zerodha, Angel One and Upstox clocked 90%, 20%, 48% and 19% jump year-on-year in their active user base, respectively.

    • Ex Paytm Money CEO Pravin Jadhav’s Dhan launches mutual fund distribution service

      The company aims to provide an execution-only service for its half a million users to invest in zero commission direct plans of mutual funds.

    • Dhan and TradingView partner to allow Indian investors to trade directly on TradingView

    • How technology is helping retail traders turn to algo trading

    • Raise Financial Services acquires e-learning startup Valuationary in second purchase

    • Raise Financial Services appoints former Rupeeseed exec Alok Pandey as co-founder and tech chief

    • Raise Financial Services raises $22 million in Series A; allocates $15 million for trading platform Dhan

    • Dhan introduces direct trading through charts, ties up with TradingView

    • Dhan takes on Zerodha, Groww; eyes 1 million users in 18 months

    • Demonetisation part of PM's Swachh Bharat mission: Venkaiah

    • Dhanlaxmi Bank forays into gold retailing

      Dhanlaxmi Bank, one of India's fastest growing mid-size private sector banks, today said it has entered the gold retailing business with the launch of 'Dhan' gold coins.

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