Raise Fintech Ventures, which owns stockbroking platform Dhan, is discussing 100% acquisition of wealthtech app Infinyte Club. The potential deal, first reported by Entrackr, could value Infinyte at $13 million to $15 million.

The acquisition would broaden Raise's play in financial services beyond stockbroking, at a time when Dhan itself has been scaling quickly. Infinyte co-founder Ankita Tandon is expected to join Raise to lead its wealth management unit. Raise (Dhan) and Infinyte did not immediately respond to The Arc's queries. Tandon and Joylita Saldanha launched Infinyte in 2022 to help startup employees and operators manage their stock options (ESOPs) and equity.

The platform also gives users access to private-market investments and allows them to sell vested shares. The company raised a single $3.5-million seed round from Elevation Capital, QED Innovation Labs, Meta Studio Advisors and angel investors Meesho co-founder Vidit Aatrey and Swiggy's Sriharsha Majety. Infinyte's revenue from operations rose 57% from Rs 1.4 crore in FY24 to Rs 2.2 crore in FY25. Losses, however, shot up 139% from Rs 3.6 crore to Rs 8.6 crore, Tracxn data shows. The company competes with GetVantage, iAngels, LetsVenture and Hum Capital.

Former Paytm Money chief executive Pravin Jadhav started Dhan under Raise in 2021 along with former Rupeeseed CTO Alok Pandey and Moneylicious founder Jay Prakash Gupta. In its early years, Raise focused on building advanced trading tools and APIs, while also investing in education and content through subsidiaries Upsurge.club and Filter Coffee. In October 2025, Raise closed a $120-million funding round led by Hornbill Capital, Japan's MUFG and Beenext. The transaction valued it at $1.2 billion. Raise's cap-table also features Eternal (Zomato) founder Deepinder Goyal and Freshworks' Girish Mathrubootham.

As of February 2026, Dhan had crossed over 10 lakh active users and traders on its app. The app makes money mainly through brokerage fees on trading activity, along with interest income from its margin trading facility. Dhan reported revenue from operations of Rs 887.2 crore in FY25, up 138% from Rs 373.1 crore in the previous fiscal year. Profit jumped 156% to Rs 408.1 crore from Rs 159.2 crore. Dhan's top rivals are Groww, Upstox, Zerodha and Angel One.

The Raise-Infinyte deal comes as competition in stockbroking looks set to intensify. Dream Sports, the parent entity of fantasy-sports app Dream11, is reportedly preparing to enter the segment through a new venture, Dream Street. Dream Sports CEO Harsh Jain is also an investor in Dhan. Dream Street plans to target users in tier-2 and tier-3 cities with personalised, AI-powered investing tools, as per media reports. The venture is expected to be led by Dream Sports chief product officer Rahul Mirchandan, with Dream11 product leaders Karan Bansal and Nikhil Lalvani joining as co-founders.