CosmicTaco

Dhan Surges to Unicorn Status with $120Mn Funding

CosmicTaco · 2025-10-06T16:29:10.886887+05:30

- Dhan's parent, Raise Financial Services, raised $120 Mn valuing it at over $1 Bn. - Profitable growth reported with a PAT of INR 400 Cr on INR 900 Cr revenue in FY25. - Series B round led by Hornbill Capital and MUFG with existing backers. - Dhan now part of the 2025 unicorn club alongside peers like Groww and Zerodha. - Founded in 2021, Raise targets financial services in Indian tier I & II cities. Source: [Inc42](https://inc42.com/buzz/dhan-becomes-unicorn-with-120-mn-funding-round/)

Dhan's parent, Raise Financial Services, raised $120 Mn valuing it at over $1 Bn.
Profitable growth reported with a PAT of INR 400 Cr on INR 900 Cr revenue in FY25.
Series B round led by Hornbill Capital and MUFG with existing backers.
Dhan now part of the 2025 unicorn club alongside peers like Groww and Zerodha.
Founded in 2021, Raise targets financial services in Indian tier I & II cities.

Source: Inc42