Dhan closes in on $200 million fundraise from ChrysCap, Alpha Wave, MUFG

| Posted on |

Here’s a list of key details from the article about Dhan, the online stock trading and investment platform:

Details

Startup:

  • Name: Dhan
  • Founded by: Pravin Jadhav

Funding Round:

  • Type: Series Unknown (not specified)
  • Amount: $190-200 million
  • Valuation Post-Funding: $1.1 billion (becoming a unicorn)
  • Previous Funding Round: $22 million in 2022

Investors:

  1. Lead Investor: ChrysCapital
  2. Other Investors:
    • Alpha Wave
    • Mitsubishi UFJ Financial Group (MUFG)
    • Sunil Mittal’s family office
    • Existing investor: Harsh Jain (founder of Dream11)
    • Other potential investors: Google, Amazon, Beenext, Mirae Asset Venture

Dates:

  • Current Round Information: Expected to close soon (exact date not specified)
  • Previous Funding Round: 2022 (for $22 million)

This funding round is designed to capitalize on the growing interest from young investors in the Indian stock market, establishing Dhan as a competitive player in the fintech space.

Source link

2025-05-29 00:30:00