Dhan expands beyond brokerage into full-stack investing platform. The fintech startup, which achieved unicorn status last year with a $120 million Series B round valuing it at $1.2 billion, is transforming from a transaction layer to a decision layer for retail investors. Recent acquisition of algo-trading platform Stratzy strengthens its product stack spanning APIs, AI tools, content, education, and algorithmic investing. Dhan's revenue from operations surged 136 percent year-over-year to ₹877 crore in FY25, with profit jumping 159 percent to ₹408 crore, demonstrating strong fundamentals despite trailing larger competitors like Zerodha and Groww. The key challenge ahead is bundling its expanding product suite in a way that remains intuitive and trustworthy as it scales.
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