Dhan soon to turn unicorn with $200 million fundraise from ChrysCapital, Alpha Wave, MUFG

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Online stock trading and investment platform Dhan is set to close a $190-200 million round — making it a unicorn, said people in the know. Joining the ChrysCapital-led round will be Alpha Wave, among the most prolific foreign investors in India this year, as well as Japanese giant Mitsubishi UFJ Financial Group (MUFG). The family office of Bharti Group chairman Sunil Mittal is also set to join the funding group that includes existing investor Harsh Jain, founder of Dream 11.

Investors have been looking to cash in on the boom in young participants in…



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Dhan soon to turn unicorn with $200 million fundraise from ChrysCapital, Alpha Wave, MUFG


Online stock trading and investment platform Dhan is set to close a $190-200 million round — making it a unicorn, said people in the know. Joining the ChrysCapital-led round will be Alpha Wave, among the most prolific foreign investors in India this year, as well as Japanese giant Mitsubishi UFJ Financial Group (MUFG). The family office of Bharti Group chairman Sunil Mittal is also set to join the funding group that includes existing investor Harsh Jain, founder of Dream 11.

Investors have been looking to cash in on the boom in young participants in…



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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