How Dhan Struck Gold, WazirX’s Reboot & More

Tracking Dhan’s Unicorn Journey

Just last week, stock broking platform Dhan entered the unicorn club. However, the timing couldn’t have been more counterintuitive – SEBI has been cracking down on F&O trading, investor participation is down, and rivals are seeing revenues plummet. So, what has been Dhan’s secret sauce?

The Secret Weapon: While competitors built their empires on F&O volumes, Dhan doubled down on margin trading, which brought in recurring interest income and created a…