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Exclusive: Dhan parent to acquire Elevation Capital-backed Infinyte Club

Entrackr · 3d ago

Medial

Raise Fintech Ventures Private Limited, the parent entity of stock broking platform Dhan, is set to acquire wealthtech startup Infinyte Club, according to sources aware of the development. This will be the second acquisition for the Pravin Jadhav-led company in the past 15 months. “This will be a 100% acquisition, and Infinyte co-founder Ankita Tandon will head Raise Financial’s wealth management arm,” said one of the sources, requesting anonymity. Tandon was previously associated with Unacademy as VP, served as Chief of Staff at Zivame, and was COO at CouponDunia. Founded in 2023 by Tandon and Joylita Saldanha, Infinyte Club enables users to access private market investment opportunities while also addressing ESOP liquidity challenges for early employees. The company has raised over $3.6 million in funding from investors such as Elevation Capital, along with angel investors including Kunal Shah, Vidit Aatrey, Gaurav Munjal, and Harshil Mathur. “The terms of the deal have been finalised, but approval from Raise’s board is still pending,” said a second source, requesting anonymity. “The transaction will be a mix of cash and stock, valuing Infinyte Club at $13–15 million.” Entrackr has reached out to Infinyte Club and Raise Financials for comment. In October last year, Dhan’s parent turned unicorn after raising $120 million in a Series B round led by Hornbill Capital. While the firm has yet to report FY26 numbers, its revenue from operations rose to Rs 877 crore in FY25. During the last fiscal year, Raise Financials’ profit also jumped 2.6X to Rs 408 crore from Rs 159 crore in FY24. In January 2025, Raise acquired Filter Coffee, a new-age financial media startup. The latter joined Raise Financial’s ecosystem, which also includes the upskilling platform Valuationary and Moneylicious. The acquisition could plug a key gap in Raise’s ecosystem by adding access to private markets and ESOP liquidity solutions, areas not fully addressed by Dhan so far. Infinyte Club’s offering allows Raise to move beyond public market investing and strengthen its play in wealth management, especially for startup employees and high-growth company stakeholders.