Dhan turns unicorn after $120 Mn fundraise led by Hornbill Capital

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Raise Financial Services, the parent company of stockbroking platform Dhan, has joined India’s unicorn club after raising $120 million in a new funding round led by Hornbill Capital, with participation from MUFG Bank, Beenext, and several family offices and public-market investors. 

According to the company, the fresh funding came at a valuation of $1.2 billion. The company last raised $22 million in 2022 from investors including Beenext and Mirae Asset.

Dhan plans to deploy the new funds to scale its technology stack, expand its omnichannel…



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Dhan turns unicorn after $120 Mn fundraise led by Hornbill Capital


Raise Financial Services, the parent company of stockbroking platform Dhan, has joined India’s unicorn club after raising $120 million in a new funding round led by Hornbill Capital, with participation from MUFG Bank, Beenext, and several family offices and public-market investors. 

According to the company, the fresh funding came at a valuation of $1.2 billion. The company last raised $22 million in 2022 from investors including Beenext and Mirae Asset.

Dhan plans to deploy the new funds to scale its technology stack, expand its omnichannel…



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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