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DHAN FUNDING ROUND
L’Oréal acquires Innovist in big D2C deal; Dhan’s FY26 profit shrinksL’Oréal has bought Innovist to claw back momentum in India’s hyper-competitive beauty market. This and more in today’s ETtech Top 5.- Dhan parent Raise Securities posts Rs 905 crore revenue, profit down 20% in FY26The company had reported net operating income of Rs 795 crore and a profit after tax of Rs 408 crore in FY25. The rating agency attributed ...
- Trackk enters broking as wealthtech startups chase Gen Z investorsGen Z-focused investment platform Trackk is now venturing into broking, offering equity and F&O trading. Shifting from its previous sub-bro...
- Ex-Mirae Asset India head Ashish Dave launches Rs 700-1,000-crore fundAshish Dave, formerly of Mirae Asset Venture Investments, is launching Sanskrit Capital. The new fund aims for Rs 700-1,000 crore. It will ...
- Wealth firm Nexedge Capital looking to close a $25 million funding round to be led by MiraeNexedge Capital, a wealth management firm for ultra-high-net-worth individuals, is nearing a $25 million funding round. South Korean firm M...
- Japan’s MUFG readies $250 million India fund as investor mix shifts in startup fundingJapan's MUFG is launching a significant $250 million fund for Indian startups. This new fund will focus on early and growth-stage companies...
- MUFG’s new India fund; District goes sportingHappy Tuesday! Japan’s MUFG is doubling down on India just as a new wave of investors moves into the country’s startup market. This and mor...
- Ex-Peak XV trio raises Mettle; Fintechs go licence huntingHappy Thursday! Three former Peak XV MDs, who abruptly left the VC firm, are launching Mettle Capital to back Indian startups. This and mor...
- Uber's India data centre bet; Cyber cover meets AI riskUber will establish its first data centre in India with the Adani Group. This and more in today’s ETtech Top 5.
- Stock trading startup Sahi secures $33 million from Accel, ElevationBengaluru's Sahi, a stock trading platform, has raised $33 million, valuing it at $200 million. The funds will fuel expansion into margin t...
- Eternal Q4 pops; Snabbit's new war chestZomato and Blinkit parent Eternal reported strong numbers for the March quarter. This and more in today's ETtech Top 5.
- Oracle cuts 20% of India staff; War jitters stall fintech IPOsHappy Thursday! Oracle’s global job cuts have impacted 10,000 employees in India. This and more in today’s ETtech Morning Dispatch.
- Dhan in talks to acquire Elevation Capital-backed Infinyte Club in cash and equity dealFounded in 2023 by Ankita Tandon and Joylita Saldanha, Infinyte Club offers wealth management tools targeted at startup employees and opera...
- Stockbroker Dhan’s profit jumps 2.5 times to Rs 408 crore, revenue up 2.3XThe Mumbai-based wealthtech player, which focusses on high-frequency professional traders, was valued at $1.2 billion last year following a...
- Dhan appoints Ketan Shah as CEO of omnichannel businessShah comes with over 25 years of experience at Angel One, where he was chief strategy officer and board member. At Dhan, he will spearhead ...
- ETtech Deals Digest: Startups raise $142.7 million this week, up 8.5% on-yearStartups across seed, early and late stages raised the funds through 14 deals, compared to 64 in the year-ago period. Top deals across the ...
- Dhan closes in on $200 million fundraise from ChrysCap, Alpha Wave, MUFGDhan, an online stock trading platform, is poised to become a unicorn with a $190-200 million funding round led by ChrysCapital. The invest...
- Hornbill Capital submits $200 million bid to invest in Dhan at $1.25 billion valuationHornbill Capital, an India-focused hedge fund backed by Asian private equity firm Orchid Asia, has joined the war for stock market trading ...
- ChrysCap, others look to put more funds in trading platform DhanDhan, a trading platform, is negotiating with ChrysCapital for funding that may raise its valuation to over $1 billion. Other US investors ...
- ChrysCapital, others in talks to take Dhan to unicorn club with $100-150 million fundingStock trading platform Dhan is negotiating with ChrysCapital for funding that could increase its valuation to over $1 billion, helping it e...
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