With the acquisition, Valuationary will join and operate Raise Financial along with its 15-member team including its founders.
With this acquisition, Raise Financial aims to strengthen its investments and wealth pool by enabling investors and traders to learn about the markets through Valuationary’s courses.
Surat-based Valuationary was founded in 2020 by Pratik Bajaj, Kunal Shah, and Mahip Gupta, It is an online learning platform that helps young professionals to improve themselves in the financial sector.
Valuationary enables upskilling through its courses and live sessions, where it attempts to streamline news and information.
As a part of this acquisition, Raise Financial will further invest in Valuationary to launch new products in existing and new formats, covering a variety of financial topics including stock markets, trading, insurance, international investments, short-form content, and micro-courses etc.
Mumbai-based Raise Financial Services was founded in 2021, It is a technology-focused investment platform focused on long-term investors and super traders.
“Wealth-tech is a much larger space and we believe that users can be better served through an ecosystem-based approach – Dhan continues to scale as our investment platform and Valuationary will now be built as our platform. I am personally excited to welcome Pratik, Kunal, Mahip, and the team at Valuationary as we aim to bridge the gap in providing financial education and increasing awareness about investing.”, said, Pravin Jadhav, founder of Raise Financial Services.
Prior to this Praveen had started and worked in Paytm Money, Paytm’s wealth management vertical as Managing Director.
Earlier this year, Raise Financial had raised $22 million in funding round from Mirae Asset Venture Investments, Beenext, and others.
“With its gamified 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 bolster our endeavour to change the face of financial literacy in terms of how content in finance is delivered and consumed”, said, Kunal Shah, co-founder, Valuationary.
In February 2022, Raise had also launched an application programming interface (API) platform, DhanHQ, this year to help active traders deploy their trading strategies and help them to build their own trading platform aligned to their specific needs, according to The Economic Times | Tech.
In August 2021, Raise had also acquired Mumbai-based stock broker Moneylicious Securities.