Dhan closes a $120 million funding round led by Horbill Capital, achieving a unicorn valuation of $1.2 billion.
Amount Raised
$120 Million
Round Type
Funding Round
MumbaiFinancial ServicesFinanceLendingInvestors
Description
Dhan has successfully raised $120 million in a funding round led by Hornbill Capital, reaching a unicorn valuation of $1.2 billion. This round also saw participation from Mitsubishi UFJ Financial Group, BeeNext, and several public market investors. The funding will primarily be used to scale its technology platform and expand its distribution network. A small portion of the capital will facilitate a secondary exit for early backers.
Quick answer
Dhan raised $120 Million in a Funding Round round, dated October 6, 2025. Investors: Horbill Capital, Jm Financial Family Office, Dsp Family Office, Ramesh Damani, Mitsubishi UFJ Financial Group, Beenext and Hornbill Capital. Dhan is based in Mumbai, Maharashtra, India.
- How much did Dhan raise?
- Dhan raised $120 Million in a Funding Round round on October 6, 2025.
- Who invested in Dhan?
- Horbill Capital, Jm Financial Family Office, Dsp Family Office, Ramesh Damani, Mitsubishi UFJ Financial Group, Beenext and Hornbill Capital are named as investors in this round.
- What does Dhan do?
- Dhan is a stock market investment and trading platform that aims to provide users with various financial services.
- Where is Dhan based and how big is it?
- Dhan is based in Mumbai, Maharashtra, India. Fundz records about 530 employees.
- Who are the decision-makers at Dhan?
- Fundz holds 2 contacts at Dhan, including the Director. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Dhan that raised within 45 days of this round, from Fundz verified event records.
- Beeline Holdings raised $7.4M (Post-IPO Equity) on November 12, 2025.
- Onramp raised $15M (Series A) on November 12, 2025.
- OneLot raised $3.3M (Seed) on November 11, 2025.
- Upward raised $8M (Seed) on November 7, 2025.
- ClearStake raised $2M (Funding Round) on November 5, 2025.
- Ripple raised $500M on November 5, 2025.
Who to call at Dhan, and when
A new round usually means Dhan is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Dhan raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Dhan, from your own LinkedIn network
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Related People
Dhan raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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