Raise Financial Services has announced that it has entered into a definitive agreement to acquire Surat-based eLearning startup Valuationary in a cash and stock deal.
Post-acquisition, Valuationary will join and operate from Raise Financial’s headquarters in Mumbai along with its 15-member team including the founders.
Valuationary will continue to build and scale its financial platform and complement Dhan – Raise Financials’ investment & trading platform
Founded in 2020 by Pratik Bajaj, Kunal Shah, and Mahip Gupta, Valuationary helps users to upskill through its courses, live sessions, and extensive social media presence where it responsibly simplifies financial news & information.
With this acquisition, Raise aims to strengthen its Investment & Wealth stack by enabling investors & traders to learn about markets via Valuationary’s courses.
Raise currently owns and manages Dhan – a technology focussed investment platform built especially for long-term investors & super traders.
In January this year, the Pravin Jadhav-led startup had raised $22 million in Series A round from Mirae Asset Venture Investments, BEENEXT, 3one4 Capital, and Rocketship VC. In August last year, it had also acquired Mumbai-based stock broking app Moneylicious.
