Raise Fintech Ventures Private Limited, the parent firm of the stock trading platform Dhan, is set to acquire the wealthtech startup Infinyte Club, according to reports.

This will signify the second purchase for the firm headed by Pravin Jadhav in the past 15 months.

"An anonymous source indicated that this will be a total acquisition, and that Ankita Tandon, co-founder of Infinyte, will head Raise Financial’s wealth management department." Tandon previously served as VP at Unacademy, was Chief of Staff at Zivame, and worked as COO at CouponDunia.

Founded in 2023 by Tandon and Joylita Saldanha, Infinyte Club enables users to explore unique market investment opportunities while addressing ESOP liquidity challenges for initial team members.

The company has obtained over $3.6 million in funding from supporters such as Elevation Capital, along with angel investors including Kunal Shah, Vidit Aatrey, Gaurav Munjal, and Harshil Mathur.

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According to reports, the agreement's details have been settled, but confirmation from Raise's board is still pending. The agreement will include a combination of cash and stock, valuing Infinyte Club at approximately $13–15 million.

In October of last year, Dhan’s parent achieved unicorn status after raising $120 million in a Series B round led by Hornbill Capital. Despite the absence of FY26 figures from the company, operational revenue rose to Rs 877 crore in FY25. In the last fiscal year, Raise Financials’ profit jumped 2.6 times to Rs 408 crore, increasing from Rs 159 crore in FY24.

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In January 2025, Raise acquired Filter Coffee, a contemporary financial media startup. The latter was integrated into Raise Financial’s ecosystem, which also includes the upskilling platform Valuationary and Moneylicious.

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The acquisition could address a significant gap in Raise’s ecosystem by adding access to private markets and ESOP liquidity choices, elements that Dhan has not fully addressed yet. Infinyte Club’s offerings allow Raise to grow beyond public market investments and strengthen its role in wealth management, especially for startup employees and stakeholders in rapidly growing companies.