Stockbroker Dhan’s profit jumps 2.5 times to Rs 408 crore, revenue up 2.3X

The Mumbai-based wealthtech player, which focusses on high-frequency professional traders, was valued at $1.2 billion last year following a $120 million infusion from Hornbill Capital and others. Founded by Pravin Jadhav, previously the CEO of Paytm Money, Dhan competes with the likes of Zerodha, Groww, and Angel One.