M&A

M&A

Raise Financial Services acquires stockbroking co Moneylicious

Economic Times  

Thane-based Raise Financial Services, a fintech startup founded by former Paytm Money chief executive Pravin Jadhav, has acquired Mumbai-based stockbroking firm Moneylicious. The newly acquired firm will now operate as a wholly owned subsidiary of Raise. Moneylicious Securities is a registered stockbroker and a member of most major stock exchanges such as BSE, NSE and MCX, and a depository participant with CDSL.

From the Venture Intelligence PE-VC Deal Database: In Feb-21, Raise Financial raised over INR 121 Cr from Mirae Asset Global Investments, Whiteboard Capital, Blume Ventures and others.