Raise Fintech Ventures Private Limited, the parent company of the stock broking platform Dhan, is preparing to acquire wealthtech startup Infinyte Club, according to informed sources. This marks the second acquisition for the company led by Pravin Jadhav within the last 15 months. A source, wishing to remain anonymous, mentioned that this will be a complete acquisition and that Infinyte CEO Ankita Tandon will lead Raise Financial’s wealth management division. Tandon has a notable background, having previously worked as Vice President at Unacademy, as Chief of Staff at Zivame, and as Chief Operating Officer at CouponDunia.
Founded in 2023 by Tandon and Joylita Saldanha, Infinyte Club facilitates user access to private market investment opportunities while tackling ESOP liquidity issues for early-stage employees. The startup has successfully raised over $7 million in funding, supported by investors such as Elevation Capital, as well as angel investors including Kunal Shah, Vidit Aatrey, Gaurav Munjal, and Harshil Mathur.
Details regarding the acquisition have already been settled, though board approval from Raise is yet to be obtained, according to another informed source. The deal is expected to involve a combination of cash and stock, with Infinyte Club being valued between $13 million and $15 million. Startup Superb has sought comments from both Infinyte Club and Raise Financials.
In October of the previous year, Dhan’s parent company achieved unicorn status after securing $120 million in a Series B funding round led by Hornbill Capital. Despite not yet releasing FY26 financial figures, the company reported operational revenue of Rs 877 crore for FY25. Additionally, Raise Financials’ profits surged 2.6 times, increasing to Rs 408 crore from Rs 159 crore in FY24.
In January 2025, Raise completed the acquisition of Filter Coffee, a modern financial media startup, which subsequently became part of Raise Financial’s broader ecosystem that includes the upskilling platform Valuationary and Moneylicious. This acquisition of Infinyte Club is anticipated to fill a significant gap in Raise’s offerings by enhancing access to private markets and providing solutions for ESOP liquidity—areas that Dhan has not fully addressed thus far. By adding Infinyte Club’s services, Raise is poised to expand its reach beyond public market investments, thus strengthening its position in wealth management, particularly for stakeholders of high-growth companies and startup employees.