Fintech & Healthtech startup
Dhani raises Rs 1,200 crores of
Equity by selling a 9% stake
Mumbai, 20th October 2021: Dhani Services Ltd., one of India’s fastest growing transactional finance and primary healthcare platform, announced an equity raise of Rs 1,200 crores for a 9% stake. Dhani is ranked at no. 3 on Google Play Store (India) in the Business category. Dhani has over 30 lac paid monthly subscriptions & 90 lac+ monthly active users.
Dhani’s
flagship product - OneFreedom Card provides customers with an instant credit
limit along with a bouquet of additional benefits such as access to doctors,
discounted medicines, instant cashbacks, free trading account and many merchant
offers at a nominal monthly subscription fee starting @ Rs. 250.
The
leading investor in the equity raise is General catalyst from the Silicon
Valley, investing Rs. 375 crores. General Catalyst has invested in companies
like Stripe in the fintech space and Livongo in digital healthcare. The
investment firm is focused on early-stage and growth investments in the
technology sector.
The other
investors in the round include Ribbit Capital, a leading global fintech
investor with early-stage investments in Robinhood, Coinbase and Revolut. The founder
of Dhani is also investing Rs. 375 crores alongside the other investors in the
preferential round.
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