Indian investment platform Dhan has entered the unicorn club after raising $120 million in a new funding round, valuing the company at over $1 billion. This milestone makes Dhan one of India’s fastest-growing fintech startups in the retail investing space.
The round was led by new and existing investors, including marquee venture capital firms and global institutional backers who believe in India’s booming digital investing market.
Dhan’s Growth Journey
Founded in 2021 by Pravin Jadhav, Dhan quickly gained popularity among retail investors for its simple, transparent, and fast trading experience across stocks, ETFs, futures, and options.
Over the last three years, the platform has seen massive growth in active users, with its customer base crossing 3 million. Dhan’s strong focus on product innovation and seamless trading APIs for developers helped it stand out in India’s crowded fintech landscape.
What the Founder Said
Pravin Jadhav, Founder & CEO of Dhan, said,
“Becoming a unicorn is just the beginning. Our goal remains the same — to build the best investing experience for India. This funding will help us scale our infrastructure, expand our product suite, and reach more investors across the country.”
Where the Funds Will Go
The $120 million raised will be used to:
- Enhance product innovation for traders and long-term investors.
- Expand Dhan’s developer API ecosystem.
- Strengthen marketing and education initiatives for new investors.
- Hire tech and product talent to scale operations.
The Indian Investing Boom
India’s retail investing space has exploded in the last five years, with millions of first-time investors entering the markets. Platforms like Dhan, Groww, Zerodha, and Upstox are riding this digital investing wave.
With this latest funding, Dhan joins India’s elite unicorn club, reaffirming global investor confidence in India’s fintech story.
Summary Table
| Detail | Information |
|---|---|
| Company Name | Dhan |
| Founded | 2021 |
| Founder & CEO | Pravin Jadhav |
| Funding Raised | $120 Million |
| Valuation | Over $1 Billion |
| New Status | Unicorn |
| Key Investors | Global and Indian venture funds |
| Use of Funds | Product expansion, tech hiring, API ecosystem growth |
| Users | 3+ Million |
| Industry | Fintech / Investment Platform |
