Story perspectives
Dhan Secures $120M Funding, Valuation Hits $1.2B
10/6/2025
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Story summary
- Raise Financial Services' $120 million Series B for Dhan, led by Hornbill Capital, values Dhan at $1.2 billion.
- Funding will boost Dhan's technology, AI capabilities, and product offerings.
- Dhan, launched in late 2021, has nearly one million active users and trading tools.
- FY25 revenue forecast: Rs 900 crore, up from Rs 380 crore in FY24.
