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Fintech unicorn Dhan secures $120M Series C to expand into insurance and lending verticals
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Dhan raised $120 million at a $1 billion valuation to expand into insurance and lending, underscoring investor confidence in India’s fintech sector.
Indian fintech platform Dhan raised $120 million in a Series C round led by global investors, pushing its valuation above $1 billion. The company said funds will be deployed to scale its insurance and digital lending offerings, strengthening its ecosystem beyond brokerage services. CEO Pravin Jadhav noted that Dhan plans to enhance its technology infrastructure and regional footprint across Tier-II cities. Analysts described the funding as a reflection of investor confidence in India’s fintech sector amid renewed global capital inflows into profitable, compliance-focused startups.