Raise Financial Services appoints Amit Gupta as group CFO

Raise Financial Services, the parent company of stock trading platform Dhan, has appointed Amit Gupta as its Group Chief Financial Officer (CFO).

Gupta, who brings over 20 years of experience in financial services, will lead the company’s finance strategy, capital allocation, and scalability efforts across its various businesses, according to a LinkedIn post shared by the company founder Pravin Jadhav.

Gupta previously served as Group CFO at Arka Fincap and held senior roles at Indostar Capital Finance and ICICI Bank.

Founded in 2021, Raise offers a broad suite of wealth management and financial distribution services. Its flagship platform, Dhan, caters to high-frequency and professional traders and competes with established players like Zerodha, Groww, and Upstox. 

The company also runs a stock market learning platform called Upsurge.club and recently acquired financial content startup Filter Coffee to expand its ecosystem.

The appointment comes as Raise hits a $100 million annual revenue run rate in its third year of operational milestones. It raised $22 million in 2022 from investors such as Mirae Asset Venture, Beenext, and 3one4 Capital. 

In January this year, Raise Financial Services acquired Filter Coffee, a new-age financial media startup. As per media reports, Dhan is in talks to raise around $190–200 million funding round at a valuation of over $1 billion.