Highlights
Raise Financial Services Acquires Filter Coffee
Raise Financial Services has successfully acquired Filter Coffee, a modern financial media startup. Filter Coffee will now be a part of the Raise Financial ecosystem, which also encompasses the upskilling platform Valuationary and the stockbroking application Moneylicious.
Pravin Jadhav, founder and CEO of Raise Financial Services, expressed enthusiasm about the acquisition by stating that they are thrilled to welcome Filter Coffee and its founder, Tanvi. He highlighted that Filter Coffee is a reputable brand with a distinctive voice that connects well with India’s emerging class of investors. The Raise team looks forward to facilitating their growth journey.
About Filter Coffee
Founded by Tanvi Raut Dessai, Filter Coffee has gained over 20,000 subscribers and offers valuable business and financial insights. With the support from Raise, Filter Coffee is set to broaden its content offerings, focusing on:
- Short-form videos
- Long-form storytelling
This will enable the delivery of fresh perspectives on India’s financial markets.
Transaction Details
The specifics of the transaction remain undisclosed. Startup Superb has reached out to Raise for further information.
Raise Financial’s Growth
Raise Financial’s stockbroking app Dhan has recently secured a position among the top ten stockbroking applications in India, surpassing Paytm Money. It is important to note that Jadhav previously served as the Managing Director and CEO of Paytm Money, resigning in March 2020.
According to media reports, Dhan is currently in discussions to secure a significant funding round. The company last raised $22 million in January 2022, and its major investors include BEENEXT, Mirae Asset, 3one4 Capital, and Rocketship.vc.