The partnership will allow users to access TradingView's core product - Connect to Trading Panel.
The company said in a mail that prices will remain unchanged for existing users at zero for stock delivery and Rs 10 per intraday of F&O order executed.
With this acquisition, Raise aims to strengthen its investment and wealth stack by enabling investors and traders to learn about markets via Valuationary’s courses.
Alok Pandey has over 16 years of experience in software development and management specifically in the stockbroking and investment industry.
The startup also saw a year-on-year rise in expenses of 2.4 times from Rs 517.7 crore in FY20 to Rs 1,260.2 crore in FY21.
Raise will use this investment to grow Dhan’s product, engineering, operations & customer experience teams, besides launching another product.
Wealth management platform Fisdom is entering online stockbroking, dominated by the likes of Zerodha, Groww, Upstox and Angel Broking. It hopes to gain a million customers in a year, benefiting from the segment’s rapid growth.
With the acquisition of broking firm Moneylicious Securities, Raise has the licences required to start an investment platform. The company is looking to launch an investment app for traders and long-term investors by the end of 2021.
PhonePe’s payments rival Paytm has already received its stockbroking license from SEBI and sources told the paper there are “at least two more fintech companies with plans to enter stock broking.”
Tyagi's comments come days after SEBI banned Karvy, with immediate effect, for selling client stocks pledged with it through associated entities.