InvestorQ : Can you tell me about the latest fund raising of Rs.1,200 crore by Dhani?
Moii Chavate made post

Can you tell me about the latest fund raising of Rs.1,200 crore by Dhani?

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Tisha Malhotra answered.
2 months ago
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Dhani Services, for your information, is the fintech outfit promoted by Sameer Gehlaut the former promoter of Indiabulls. He has now opted out of Indiabulls. Dhani will raise Rs.1,200 crore from investors; including global PE funds like General Catalyst and Ribbit Capital. In terms of the split of investment into Dhani, General Catalyst will invest Rs.375 crore and Ribbit Capital will also infuse a similar amount.

Apart from them, Sameer Gehlaut will also chip in with equal amounts and there will be some additional investors with smaller contributions. Dhani is a digital lending platform which boasts of over 3 million paid monthly subscriptions and over 9 million active users in India. Its most popular product is its One-Freedom card that provides instant credit to customers as well as a host of add on sweeteners thrown in.

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