Pravin Jadhav-led Dhan acquires media startup Filter Coffee

28 Jan 2025, 03:55 AM

With Raise Financials, Filter Coffee will expand its content across short-form videos, and long-form storytelling, delivering fresh perspectives on India’s financial markets.

Arti Singh

Raise Financial Services, which operates stockbroking app Dhan, has acquired a financial media startup Filter Coffee.

"Filter Coffee, a new-age financial media startup known for delivering concise and actionable business insights, is joining our ecosystem," the fintech said on its LinkedIn post. 

Founded by Tanvi Raut Dessai during the pandemic, Filter Coffee boasts over 20,000 subscribers. 

“We are excited to welcome Filter Coffee and Tanvi to the Raise ecosystem. Filter Coffee is a trusted brand with a unique voice that resonates with India’s emerging investor class. We look forward to supporting their growth journey," Dhan founder Pravin Jadhav said.

With Raise, Filter Coffee will expand its content across short-form videos, and long-form storytelling, delivering fresh perspectives on India’s financial markets, the company added.

Dhan -- which recently entered the top 10 list of stockbroking apps in India -- is currently raising a new funding round at $1 billion valuation, sources told The Head and Tale.

The platform, started by former Paytm Money CEO Pravin Jadhav, last raised $22 million in a Series A funding in 2022 from BEENEXT and its existing investor Mirae Asset Venture Investments. The round also saw participation from 3one4 Capital, Rocketship.vc and angel investors such as Meesho co-founders Vidit Aatrey and Sanjeev Barnwal, Pine Labs CEO Amrish Rau, Udaan co-founder Sujeet Kumar, neobanking platform Jupiter founder Jitendra Gupta, and Sandeep Tandon of Whiteboard Capital.

The author is Founder and Editor of The Head and Tale. She can be reached at [email protected]
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