Monday, 6 October, 2025
Dhan Achieves Unicorn Status with $120 Million Funding Led by Hornbill Capital
Dhan, a Mumbai-based stock trading platform, has secured $120 million in a funding round led by Hornbill Capital, elevating its valuation to $1.2 billion. Other investors include Mitsubishi UFJ Financial Group (MUFG), Beenext, and notable public-market figures. The company anticipates FY25 revenue of ₹900 crore, up from ₹380 crore the previous year. Dhan aims to capitalize on regulatory changes and is considering an IPO in the near future.
Read full story at Economic Times