Dhan Becomes Unicorn With $120 Mn Funding Round

Stock trading platform Dhan parent Raise Financial Services has raised $120 Mn (about INR 1,065 Cr) in a funding round valuing the startup at over $1 Bn

The Mumbai-based platform reported a profit after tax (PAT) of around INR 400 Cr in FY25, on a revenue of about INR 900 Cr, indicating strong profitability and user growth

The latest round marks Dhan’s entry into the unicorn club, joining peers like Groww and Zerodha

Stock trading platform Dhan parent Raise Financial…