Sunday, October 5, 2025

Dhan turns unicorn with close of $120 million fundraise

Cofounder and CEO Pravin Jadhav said the raise began in September 2024, coinciding with key regulatory shifts. He added that Dhan fielded investment offers of $1 billion but deliberately chose a smaller, patient capital pool. Dhan expects to close FY25 with revenue of around Rs 900 crore, up from Rs 380 crore in the previous year.

from Tech-Economic Times
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