Raise Fintech Ventures Private Limited, the parent company of Dhan, a stock broking platform, has acquired Infinyte Club, a wealthtech startup. This marks Raise’s second acquisition in 15 months. Infinyte Club, founded in 2023, offers users access to private market investment opportunities and solutions for ESOP liquidity challenges for early employees.
The acquisition, a 100% buyout, will see Ankita Tandon, co-founder of Infinyte Club, lead Raise Financial’s wealth management arm. Tandon, with a background in Unacademy, Zivame, and CouponDunia, brings a wealth of experience to this role.
With funding exceeding $3.6 million from investors like Elevation Capital and notable angels, Infinyte Club is valued at $13–15 million in this pending deal. This move follows Dhan’s unicorn status attainment last year after a substantial Series B round.
Raise’s acquisition strategy, including previous purchases like Filter Coffee, aligns with its goal to diversify its offerings and enhance its foothold in private markets and ESOP liquidity solutions. This strategic move positions Raise Financial to cater more comprehensively to startup employees and high-growth company stakeholders in the evolving fintech landscape.
Source: Entrackr : Latest Posts