Dhan parent Raise Securities' FY26 net profit falls 20% to Rs 326 crore
Its net operating revenue rose 14% year-on-year to Rs 904.9 crore.
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Its net operating revenue rose 14% year-on-year to Rs 904.9 crore.
The fund is anchored by HDFC AMC’s Select Fund of Funds I.
The app it said is designed around a goal-based investing approach, allowing users to invest in stocks, mutual funds, SIPs and IPOs.
Raise Financial plans to invest $15 million to build a direct consumer insurance distribution platform.
Stratzy will continue to function as an independent, wholly owned subsidiary under Raise.
The transaction is expected to be structured as a mix of cash and equity, placing Infinyte Club's valuation somewhere between $13 million and $15 million.
The funding round saw participation from Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing investors Antler, IIMA Ventures, and Neon Fund.
The fund will follow a multi-stage approach from venture, to growth, to late-stage private equity and pre-IPO opportunities.
The appointment of Shah comes amid fresh fund raising activity at Dhan's parent company Raise Financial Services.
Prior to joining Raise, Gupta worked as Group CFO at Arka Fincap. Previously he worked at Indostar Capital Finance and ICICI Bank.
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