The Venture Codex

Led · Series E · Apr 2026

KreditBee was reported by Moneycontrol to have raised $280 million in a funding round that propelled it into unicorn status. The article identifies the company as a fintech but does not provide additional operational or product details. No revenue, user metrics, or other performance data were mentioned in the coverage. The report did not include the company's founding year or headquarters location. Future plans or stated use of the new capital were not detailed in the article.

Participated · Equity · Nov 2025

Capillary Technologies India is a software product company offering artificial-intelligence-driven, cloud-native SaaS applications that help enterprise customers deepen consumer and channel-partner loyalty. Its platform is deployed globally, targeting large enterprises that want to enhance engagement and retention. For the six months ended September 2025, the company recorded consolidated revenue of ₹359.21 crore, following FY 25 revenue of ₹598.25 crore. To accelerate growth, the company is moving toward a public listing on the BSE and NSE. A portion of the IPO proceeds will come from a fresh issue of shares, providing new capital to the business. Capillary’s upcoming listing is being managed by JM Financial, IIFL Capital Services and Nomura Financial Advisory & Securities (India), with MUFG Intime India acting as registrar. The firm’s strategy centers on expanding its AI-driven loyalty product suite and scaling its global enterprise footprint.

Led · Series B · Oct 2025

Raise Financial Services is a fintech holding company founded in 2021 by Pravin Jadhav. It operates a suite of platforms for money management, investing education, media, and research, including Dhan (a stock trading platform), Upsurge.club (a stock market learning platform), Filter Coffee (a business insights media platform), and Fuzz AI (a financial research assistant). The company is headquartered in Mumbai. In May 2024 it raised a $120 million Series B led by Hornbill Capital alongside several institutional and venture investors. The articles do not report revenue, user counts, valuation, or specific use of the new capital. No prior funding round details were provided in the source material.

Led · Series B · Oct 2025

Rice Parent Co is a Mumbai-headquartered fintech founded in January 2021 by Praveen Yadav, Alok Pandey, J. Prakash Gupta and Runak Rathi. The company’s core offering is a high-speed, reliable stockbroking platform serving Indian retail investors. Its product suite also includes ScanX, which delivers market insights, and two planned financial-education platforms, Upsge and Filter Coffee. Rice Parent Co has trained an AI model on large financial data sets to enhance the information it provides to users. Management credits a product-first culture and strong technology focus for the firm’s rapid, profitable growth in less than four years. After raising a $120 million Series B, the company reached a valuation of about $1.2 billion, giving it fresh capital to expand further into investments, AI and broader financial-services offerings.

Led · Equity · Oct 2025

Founded in 2021 by Pravin Jadhav, Dhan operates a tech-driven stockbroking and investment platform that allows retail users to trade equities, ETFs, and futures & options across NSE, BSE, and MCX. The product integrates with services such as smallcase, TradingView, and MoneyControl to enhance the trading experience and analytics for users. Dhan targets active traders and the growing segment of Gen Z investors looking for low-cost, digital alternatives to traditional brokers. The company has maintained cash-flow positivity for multiple years, and its revenue rose sharply from roughly ₹380 crore in FY24 to about ₹900 crore in FY25. With fresh capital, management plans to scale its technology stack, build out an omnichannel presence, and introduce new financial products for retail investors. To support this expansion, Dhan recently appointed Ketan Shah as CEO of its omnichannel business. The firm’s growth positions it alongside other profitable Indian stockbroking unicorns such as Zerodha, Groww, and Angel One.