India, Feb. 8 -- Trading platform Dhan's parent Raise Financial Services is reportedly in discussions with private equity (PE) firm ChrysCapital and two other US-based investors to raise $100 Mn to $150 Mn at a unicorn valuation.

The funding round is expected to be finalised in the next 30-45 days and could likely peg the trading platform at $1 Bn from $125 Mn currently, Economic Times reported, citing sources.

This effectively means that Dhan will potentially see a 9X increase in its valuation and become the second unicorn of 2025, after Netradyne.

As per the report, ChrysCapital has issued a term sheet to Dhan, outlining key terms and conditions, including valuation. Meanwhile, the two other undisclosed foreign investors have also su...