Dhan is a trading application designed by Raise Financial Services. The trading startup plans to raise  $100 million in its new funding round at a valuation of $1.5 billion. A source close to the deal told  Moneycontrol. The round may have participation from the new and existing investors including the  investment banking firm Avendus. 

The firm was founded by the former CEO of Paytm Money Pravin Jadhav to offer an online trading  platform. Some of the existing investors of Dhan include 3one4 Capital, Mirae Asset Venture  Investments, and Beenext. The trading startup intends to use these fresh proceeds to scale its  operations, enhance its platform, and launch new services while aiming for market expansion. The  investment will help Dhan to enhance its capability by integrating new technologies, networks, and  services. This online stock trading and investment platform offers applications such as investing in  Mutual funds and stocks. The company aims to help individuals make investments and create wealth  in India. 

The investment platform helps long-term traders to quickly invest and trade in securities. The  application uses advanced tools and technologies to make online trade secure and easier for its users.  The platform lets its users access the financial condition of companies such as market capitalization  and income statements. The source aware of the deal mentioned that looking at this revenue run rate  the firm will go for around 15 times increase. The new funding round will be the first funding round  for the startup since its inception. The startup is at a revenue run rate of Rs 830 crore with a net profit  margin of 40 percent.  

The fundraising news came just after the Indian stock market and trading sector saw increased interest  from investors and robust retail participation. After this round, the company is expected to turn  unicorn. India only reported three unicorns for this year so far. Dhan is a SEBI-regulated trading  platform and it follows all the depository participant rules and regulations. The web trading platform  does not charge any brokerage fees for equity delivery. The startup allows users to invest in mutual  funds, stocks, term insurance, gold investments, and other wealth management services. The company  faces competition from other investment and trading companies including Groww, Upstox, and  Zerodha.  

Conclusion:  

Dhan is a trading application under Raise Financial Services that will raise $100 million at a valuation  of 1.5 billion USD in its new funding round. The company intends to use this fresh fund to scale its  operations, enhance its platform, and expand its network while enhancing its financial capabilities.  The startup will also use some of this investment to solidify its position in the investment market. The  platform uses advanced technologies to offer the best user experience while following regulatory  compliance. The company provides investment guides and tools for long-term investors. The  investment platform plans to improve the trading experience and contribute to the growth of the stock  market in India. Dhan competes with Groww, Uptox, and other trading startups.