# Mumbai-based fintech firm Raise Financial Services, the parent company of trading platform Dhan, has officially entered the unicorn club following a successful Series B funding round of $120 million.

*fintech · news · 2025-10-06 · NDTV Profit*

## Key points

- Raise Financial Services became a unicorn after a $120 million Series B round led by Hornbill Capital.
- Raise's flagship platform Dhan handles nearly one million active users, launched less than four years ago.
- DEXT, Dhan’s trading engine, processes 40% of orders in under 10 milliseconds, six times industry standards.
- Dhan's speed benchmarks have been recognized by Amazon AWS as significantly outperforming typical industry norms.
- Raise plans to introduce new products focused on investing, AI, and financial services distribution.

**Companies:** Raise Financial Services, Hornbill Capital
**Countries:** India

[Read the full story on NDTV Profit](https://www.ndtvprofit.com/markets/trading-platform-dhans-parent-company-turns-unicorn-with-120-million-fundraise)

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