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Raise Financial Services Soars Past $1 Billion Valuation Raise Financial Services, the parent company of the popular stockbroking platform Dhan, has officially entered India’s unicorn club after securing
Raise Financial Services, the parent company of the popular stockbroking platform Dhan, has officially entered India’s unicorn club after securing $120 million in Series B funding.
The latest round was led by Hornbill Capital, with strong participation from MUFG Bank, Beenext, and several family offices and public-market investors including market veteran Ramesh Damani, DSP Family Office, JM Financial Family Office, and Aashish Somaiyaa.
This milestone funding round values the fintech startup at $1.2 billion, marking a dramatic leap from its last valuation following a $22 million round in 2022.
Founded with the goal of simplifying investing and wealth creation for retail users, Raise Financial Services has grown rapidly through its flagship product Dhan, a trading and investment platform designed for both new-age investors and professional traders.
Dhan’s focus on speed, transparency, and user experience has helped it stand out in India’s highly competitive fintech space. Over the past few years, the company has expanded its offerings to include equities, futures & options, ETFs, and mutual funds, building a loyal community of active traders and long-term investors.
Raise Financial’s strong growth and innovation-driven approach have made it one of the most promising fintechs in India’s fast-growing wealth-tech sector.
The Series B funding round drew attention from both domestic and global institutional investors, signaling strong confidence in Raise Financial’s long-term potential.
Lead investor Hornbill Capital was joined by MUFG Bank, Japan’s largest financial institution, and Beenext, a Singapore-based venture capital firm known for its early bets on Indian startups.
Several prominent family offices and market leaders also backed the round — a sign that India’s financial elite see Raise as a game-changer in digital investing.
The participation of well-known investors like Ramesh Damani and financial institutions such as JM Financial and DSP Family Office adds strategic depth and industry expertise to Raise’s future roadmap.
The company’s success lies in its deep technology integration and user-first product strategy. Through Dhan, Raise has built a platform that offers:
This combination of technology and trust has helped Raise capture a rapidly expanding user base amid India’s stock market boom and rising interest in wealth management tools.
Raise Financial’s entry into the unicorn club (companies valued at over $1 billion) further cements India’s position as a global hub for fintech innovation.
The funding highlights investor confidence in India’s digital economy, where platforms focused on trading, payments, and lending are witnessing exponential growth.
Raise joins a growing list of Indian fintech unicorns such as Zerodha, Groww, Upstox, and PhonePe — each contributing to India’s transformation into a digital-first investment powerhouse.
Industry experts say the fresh capital will likely be used to accelerate product expansion, enhance technology infrastructure, and explore new financial products, including AI-powered investment tools and global trading options.
While Raise Financial has not disclosed specific details of how it plans to deploy the new funds, insiders suggest that the company will focus on:
The company’s leadership remains committed to its mission of democratizing investing for all Indians, ensuring that users have access to tools and insights once reserved for institutional players.
The success of Raise Financial Services and its platform Dhan highlights the shift toward empowered retail investing in India. As younger generations enter the markets with tech-driven platforms, the demand for transparent, efficient, and data-rich investing tools continues to surge.
With its new unicorn status and fresh funding, Raise is poised to accelerate innovation, strengthen its position in India’s fintech ecosystem, and expand its global footprint.
The company’s rise signals more than just another billion-dollar valuation — it’s a testament to how technology and trust can redefine investing for a new era.
Hi guys, I’m Maria a full-time Blogger & Writer. It is a long-established fact that a reader will be distracted by the content.
Hi guys, I’m Maria a full-time Blogger & Writer. It is a long-established fact that a reader will be distracted by the content.
