India: Fintech player Dhani to raise $160m from General Catalyst, Ribbit Capital

Photo: Reuters

Dhani Services Ltd, a fintech and healthtech company promoted by Indiabulls’ Sameer Gehlaut, on Wednesday said that it is raising Rs1,200 crore from investors including General Catalyst, Ribbit Capital and Gehlaut.

The leading investor in the equity raise, General Catalyst, a Silicon Valley based investor,  is investing Rs375 crore. General Catalyst has invested in companies like Stripe in the fintech space and Livongo in digital healthcare. The investment firm is focused on early-stage and growth investments in the technology sector.

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