In a landmark moment for Indian fintech, Raise Financial Services — the parent company of the trading & investing platform Dhan — has officially entered the unicorn club by raising US $120 million in a Series B funding round, at a valuation of approximately US $1.2 billion.
Founded in 2021 by serial entrepreneur Pravin Jadhav (formerly of Paytm Money), along with Alok Pandey, Jay Prakash Gupta and Raunak Rathi, Raise has made rapid strides in the tech-enabled investing space.
What this milestone means
- Achieving unicorn status signals that Raise has not only gained investor confidence but has also built credible scale and market traction.
- The fresh capital gives Raise the resources to accelerate platform development, expand omnichannel reach, and roll out new financial products.
- For the broader Indian investing ecosystem, this milestone underscores the maturation of tech-first brokerage/investment platforms catering to retail and active traders alike
Raise Financial Services’ entry into the unicorn club is more than a headline valuation. It reflects what can be achieved when tech-led brokerage/investment platforms combine speed, transparency, user-centric design and financial discipline. For stakeholders — from retail investors to fintech observers — this is a milestone that signals India’s capital markets are entering a new era.
Congratulations to Pravin Jadhav and the whole Raise/Dhan team — the journey may be just getting started. Will come with more detailed blog in coming days.
Source from : entrepreneur
