Dhan parent Raise Financial acquires algo trading platform Stratzy in cash-and-stock deal
Raise Financial, the parent of online stock trading platform Dhan, has fully acquired Stratzy, an algo-based investing and trading startup, in a cash-and-stock deal valued at $4-4.5 million, said people familiar with the matter.
Following the acquisition, Stratzy will continue to operate as an independent entity and business unit under Raise Financial. The platform will also continue offering its trading tools and investing algorithms to multiple brokerages and trading platforms, the sources said.
Founded in May 2021 by Gaurav Sangle and Mohit Bhandari, Stratzy provides strategy-driven investment products built on data models and automated trading logic. The startup has a 20-member team across engineering, technology, algo development, product, design, and analytics, all of whom will transition to Raise Financial.
The deal is expected to help Dhan strengthen its tech stack and expand its automated and systematic investment offerings for retail traders, amid rising interest in quant-driven trading products.
Queries sent to Raise and Stratzy remained unanswered at the time of publication.
The acquisition comes after Dhan closed a $120 million funding round led by Hornbill Capital, with participation from Japan’s Mitsubishi UFJ Financial Group (MUFG), Beenext, investor Ramesh Damani, the DSP Family Office, the JM Financial Family Office, and Aashish Somaiyaa, CEO, White Oak Capital.
Following the acquisition, Stratzy will continue to operate as an independent entity and business unit under Raise Financial. The platform will also continue offering its trading tools and investing algorithms to multiple brokerages and trading platforms, the sources said.
Founded in May 2021 by Gaurav Sangle and Mohit Bhandari, Stratzy provides strategy-driven investment products built on data models and automated trading logic. The startup has a 20-member team across engineering, technology, algo development, product, design, and analytics, all of whom will transition to Raise Financial.
The deal is expected to help Dhan strengthen its tech stack and expand its automated and systematic investment offerings for retail traders, amid rising interest in quant-driven trading products.
Queries sent to Raise and Stratzy remained unanswered at the time of publication.
The acquisition comes after Dhan closed a $120 million funding round led by Hornbill Capital, with participation from Japan’s Mitsubishi UFJ Financial Group (MUFG), Beenext, investor Ramesh Damani, the DSP Family Office, the JM Financial Family Office, and Aashish Somaiyaa, CEO, White Oak Capital.
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