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Dhan enters unicorn club after $120 mn funding led by Hornbill
Mint Hyderabad
|October 07, 2025
Raise Financial Services, which owns and operates the stock trading platform Dhan, has raised $120 million in a Series B round led by Hornbill Capital, with participation from MUFG and BEENEXT, the company said on Monday.
The round values the fintech at $1.2 billion.
(ISTOCKPHOTO)
The round values the Mumbai-based fintech at $1.2 billion, marking its entry into the unicorn club.
It also saw participation from prominent public market investors, including Ramesh Damani, the DSP Family Office, the JM Financial Family Office and Aashish Somai-yaa, among others.
The fresh capital will be used to scale Dhan, strengthen its technology and artificial intelligence (AI) capabilities, and introduce new products focused on investing and distribution of financial services.
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