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Dhan raised Series B funding to expand its offerings, including a focus on AI and acquisitions, despite revenue crossing Rs 1,000 crore and a 20% decline in net profit.
PRIVATEJun 09, 2026•6 days ago
Amount Raised
₹10 Billion
Round Type
series b
MumbaiFinance
Description
Dhan has secured its Series B funding aimed at expansion into multiple financial services categories. This move comes amid a revenue increase to Rs 905 crore, although net profits have declined by 20% to Rs 326 crore. The funding will support initiatives like an AI investments and new financial products. Dhan seeks to diversify away from Futures and Options trading dependency.
Company Information
Company
Dhan
Location
Mumbai, Maharashtra, India
About
Dhan is a stock market investment and trading platform that aims to provide users with various financial services. The company is currently headquartered in Mumbai and is looking to expand its operations significantly through new funding. With a current valuation target of over $1 billion, Dhan competes with other notable platforms like Groww and Zerodha. The fresh funding round may help the firm further diversify its business offerings.