Dhan Parent Raise Launches ‘Millions’ Investment App for Gen Z Investors
In just 4 years, Raise achieved unicorn status in October 2025 after raising $120 million in its Series B funding round, taking the company’s valuation to over $1.2 billion.
Raise Financial Services, the parent company of stockbroking platform Dhan, has launched a new investment app called Millions, aimed at Gen Z and first-time investors.
The platform is designed to simplify investing through a goal-based approach, enabling users to invest in mutual funds, stocks, SIPs, and IPOs while aligning their portfolios with personal aspirations such as building alternate income streams, funding side hustles, or achieving long-term financial goals.
Founded in 2021 by former Paytm Money CEO Pravin Jadhav along with Alok Pandey and Jay Prakash Gupta, Raise operates a growing suite of financial products including Dhan, Option Trader, TradingView by Dhan, DhanHQ API, and other market intelligence platforms.
Millions is regulated by SEBI and currently offers zero onboarding and brokerage charges on direct equity investments. The app also enables SIP investments starting at ₹500 and follows a simplified pricing structure across trading and investment products.
The launch comes at a time when younger investors are emerging as a major force in India’s capital markets. According to industry data, Gen Z accounted for nearly 40% of NSE-registered investors in FY25, compared to 25% in FY20, while the median investor age has declined from 38 years to 33 years.
Raise has been rapidly expanding beyond stockbroking through acquisitions and new product launches across insurance distribution, algorithmic trading, financial media, and AI-powered market intelligence segments. Backed by investors including BEENEXT, 3one4 Capital, Kunal Shah, Kalyan Krishnamurthy, and Sameer Nigam, the company has witnessed significant growth since its inception.
In just four years, Raise achieved unicorn status in October 2025 after raising $120 million in its Series B funding round, taking the company’s valuation to over $1.2 billion.