New Delhi, Oct. 6 -- Mumbai-based Raise Financial Services, the parent of stock trading platform Dhan, has entered the unicorn club with a $1.2 billion valuation following a $120 million Series B funding round led by Hornbill Capital. The funding will fuel technology expansion, AI-driven product innovation, and new offerings across financial services. The company announced it in a post on X (formerly known as Twitter) on Monday.

Raise Financial Services, which operates the stock trading platform Dhan, has secured $120 million in a Series B funding round led by Hornbill Capital, with participation from MUFG and BEENEXT. This latest funding pegs the Mumbai-based fintech at $1.2 billion, officially placing it in India's growing unicorn club...