Dhan Eyes Up To $150 Mn Funding At A Unicorn Valuation

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SUMMARY

While ChrysCapital has already issued a term sheet to Dhan, two other undisclosed US-based investors have also submitted their bids

The fresh fundraise will boost the Mumbai-based startup’s current cash reserves of $100 Mn and enable it to diversify it into other financial services businesses

Dhan parent Raise Financial Services’ portfolio of products consists of stock broking app Dhan, the “Option Trader” app, an API platform for traders called DhanHQ API, among others

Trading platform Dhan’s parent Raise…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Dhan Eyes Up To $150 Mn Funding At A Unicorn Valuation


SUMMARY

While ChrysCapital has already issued a term sheet to Dhan, two other undisclosed US-based investors have also submitted their bids

The fresh fundraise will boost the Mumbai-based startup’s current cash reserves of $100 Mn and enable it to diversify it into other financial services businesses

Dhan parent Raise Financial Services’ portfolio of products consists of stock broking app Dhan, the “Option Trader” app, an API platform for traders called DhanHQ API, among others

Trading platform Dhan’s parent Raise…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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