Raise Financial Services acquires Valuationary

In its press statement, Mumbai-based Raise Financial Services has entered into an agreement to acquire Surat-based online learning startup Valuationary. Raise Financial Services will acquire Valuationary in a cash and stock deal. Valuationary was founded by Pratik Bajaj, Kunal Shah, and Mahip Gupta in the year 2020. It provides an online learning platform that assists young professionals in the financial sector to upskill themselves. Following the acquisition, Valuationary will operate from Raise Financial’s headquarters in Mumbai along with its 15-member team which also includes the founders. Raise Financial Services aims to boost its investment and wealth stack through this acquisition. After the acquisition, the founder of Raise Financial Services, Pravin Jadhav said: “Wealth-tech is a much larger space and we believe that users can be better served through an ecosystem-based approach - Dhan continues to scale as our investment platform and Valuationary will now be built as our platform. I am personally excited to welcome Pratik, Kunal, Mahip, and the team at Valuationary as we aim to bridge the gap in providing financial education and increasing awareness about investing.”  Previously Mr. Jadhav has launched Paytm Money and has also served as its Managing Director. The finance company has also acquired Mumbai-based stock broker Moneylicious Securities in the month of August 2021.