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…