Raise Financial, the parent of online stock trading platform Dhan, has acquired algo-based investing and trading startup Stratzy in a cash-and-stock deal. The deal, according to sources, is valued at $5–6 million. ET had first reported on the acquisition on November 19, 2025.
Startzy is estimated to be clocking an annual revenue run rate of Rs 7-8 crore, per people in the know.
Raise Financial operates platforms including Dhan, Fuzz AI, Upsurge, Filter Coffee, and now Stratzy. The company is also in talks to acquire wealthtech startup Infinyte Club for around $10 million in a mix of cash and equity, according to an ET report from April 1.
Founded in May 2021 by Gaurav Sangle and Mohit Bhandari, Stratzy offers strategy-driven investment products built on data models and automated trading logic. The startup has around 25-member team across engineering, technology, algo development, product, design, and analytics, all of whom will transition to Raise Financial.
“We saw this as the right time to partner with a financial services firm, allowing us to meaningfully contribute to the algorithmic trading infrastructure being built in the capital markets,” said Bhandari, cofounder and CEO of Stratzy.
According to the company, the acquisition is aimed at expanding its presence in the capital markets ecosystem through technology-led solutions.
The management structure at Stratzy remains unchanged, with the founders continuing to lead the company and drive day-to-day operations, Bhandari added.
Earlier this year, Raise Financial launched its trading terminal Dext T3 and introduced Artham, a small language model that powers its AI platform Askfuzz AI.
Last year, Dhan entered the unicorn club following a $120 million fundraise, which pushed its valuation to around $1.2 billion, as ET had reported.
The Securities and Exchange Board of India (Sebi) has been pushing to widen access to algorithmic trading tools for retail investors. In a circular issued on September 30 last year, it extended the timeline for brokers to implement its framework on ‘safer participation of retail investors in algorithmic trading.’
A recent Sebi study found that algorithmic trading accounted for 97% of foreign investor profits and 96% of proprietary trader profits in futures and options during FY24.
For FY25, Dhan is expected to report around Rs 900 crore in revenue, up from Rs 380 crore in the previous year, according to ET. The firm posted a net profit of Rs 155 crore in FY24, compared with a loss of Rs 22 crore a year earlier.
Source: Economic Times