Dhan Becomes Unicorn With $120 Mn Funding Round

Dhan, a retail trading and investing platform, achieved unicorn status after raising $120 million in its latest funding round led by global investors. The round reflects increasing investor confidence in India’s fintech sector, especially in platforms simplifying direct stock and mutual fund investing for young users. The article details Dhan’s expansion plans into derivatives and advanced trading analytics, alongside a focus on regulatory compliance and investor education. Analysts view the valuation milestone as evidence of strong user engagement and growing appetite for digital wealth-management tools in India’s maturing financial ecosystem.