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The funding round also saw participation from Coinbase Ventures and Zero Knowledge Ventures, among others.
Stratzy will continue to function as an independent, wholly owned subsidiary under Raise.
The move comes amid concerns that a significant share of crypto trading by Indian users is happening on overseas platforms.
The anchor round saw participation from 17 domestic mutual funds, including HDFC, Kotak, SBI and Axis Bank.
PB Fintech, parent entity of Policybazaar and Paisabazaar, has settled a case of alleged insider trading with Sebi by paying Rs 9.4 lakh as settlement amount.
