Dhan becomes unicorn with $120M funding

Online trading and investing platform Dhan raised $120 million in a fresh funding round, propelling it to unicorn status. Led by Hornbill Capital and existing investors, the round aims to strengthen Dhan’s technology, product innovation, and retail investor outreach. The milestone reflects India’s deepening retail participation in capital markets and the rise of fintechs simplifying investing experiences. With a focus on equities, derivatives, and wealth management solutions, Dhan’s growth trajectory underscores how fintech start-ups are capturing market share from traditional players. The unicorn status cements its position as a key player in India’s evolving retail investment ecosystem.