After the acquisition, Valuationary will join and operate from Raise Financial’s Mumbai headquarters with its 15-member team, including the founders.
Founded in 2020 by Pratik Bajaj, Kunal Shah, and Mahip Gupta, Valuationary is an online learning platform that helps upskill young professionals in the financial industry.
The startup makes it possible to improve through its courses and live sessions, where it tries to simplify financial news and information.
With this acquisition, Raise aims to bolster its investment and wealth stack by enabling investors and traders to learn about the markets through Valuationary courses.
As part of the deal, Raise will also invest more in Valuationary to launch new products in existing and new formats, which include short-form content and micro-courses covering a variety of financial topics, including stock markets, trading, finance, and finance. insurance, international investment and Suite.
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“Wealth-tech is a much larger space and we believe users can be better served through an ecosystem-based approach – Dhan continues to grow as our investment platform and Valuationary will now be built as our platform. I am personally delighted to welcome Pratik, Kunal, Mahip and the Valuationary team as we aim to bridge the gap in financial education and investment awareness,” said Pravin Jadhav, Founder of Raise Financial Services.
Jadhav previously launched Paytm Money, Paytm’s wealth management vertical, and served as its managing director.
Earlier in August last year, Raise also acquired Mumbai-based securities broker Moneylicious Securities. The idea was to launch a new investment app for everyday stock traders and long-term investors, through the acquisition of Moneylicious.
Raise had also launched an application programming interface (API) platform, DhanHQ, this year to help active traders deploy their trading strategies and help them create their own trading platform tailored to their specific needs.
“With its fun quizzes and bit-sized knowledge clips, Valuationary has been able to maintain a course completion rate of over 75%. We aim to introduce many products and our partnership with Raise will strengthen our efforts to change the face of financial literacy in terms of content delivery and consumption in finance,” said Shah, co-founder of Valuationary.
Founded in 2021, Raise is a technology-driven investment platform focused on long-term investors and super traders.
Earlier in January this year, the company raised $22 million in new funding from Mirae Asset Venture Investments, Beenext, 3one4 Capital, and Rocketship VC, among others.