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DHAN REVENUE UP
L’Oréal adds Innovist to cart; HealthQuad's new fundHappy Friday! Personal care giant L’Oreal has acquired a majority stake in Innovist in India’s biggest D2C deal. This and more in today’s E...- 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.
- 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...
- Brokers prepare rollout of algo trading tools for retail investorsMajor brokers are set to launch algorithmic trading tools for retail investors in the coming months, following enhanced regulatory clarity....
- 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.
- Design focus under ECMS; Kissht's strong IPO demandGovernment mulls mandating minimum design investment by firms under ECMS rules. This and more in today's ETtech Top 5.
- Sahamati secures Rs 50 crore in funding from large banks, AMCs, stockbrokers and fintechsSahamati, the NBFC-Account Aggregator body, has raised Rs 50 crore from major banks, asset management companies, stockbrokers, and fintechs...
- 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.
- Infosys weighs CEO change; Groww's Lalit Keshre on next growth betsHappy Wednesday! Infosys is set to discuss CEO Salil Parekh's tenure and a succession roadmap as it reports Q4 results. This and more in to...
- Dhan parent Raise Financial acquires algo-trading startup Stratzy in cash-and-stock dealThe deal values Stratzy at $5–6 million, according to sources. ET had first reported on the acquisition on November 19 last year. Startzy i...
- Apple CEO Tim Cook steps down; HCLTech Q4 reportAfter 15 years at the helm of Apple, Tim Cook will step down to make way for insider John Ternus. This and more in today's ETtech Top 5.
- Banks, asset management firms, stock brokers set to be shareholders in SahamatiBanks, NBFCs, brokers and fintechs are investing in Sahamati, with major lenders and platforms taking nearly 2–8.5% stakes. The move aligns...
- 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.
- Sahi eyes $80 million from Accel Growth, Bessemer, othersNew-age stock trading platform Sahi, cofounded by Swiggy’s former chief technology officer Dale Vaz, is in advanced talks to raise $60-80 m...
- 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...
- 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...
- Stock broking startup Dhan clocks maiden profits of Rs 155 crore in FY24; revenue jumps 600% on yearThe startup is in talks with investors for raising a fresh equity funding round and is looking to expand its product offerings. The company...
- New-age brokers ride on futures option to the bankBut the question remains with Sebi becoming careful about the sudden spurt in retail participation in this risky trading segment: how long ...
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