Fintech Startup Raise Financial Services acquires upskilling platform Valuationary
- ByStartupStory | April 7, 2022
Raise Financial Services, based in Mumbai, has signed a definitive agreement to buy Surat-based online learning firm Valuationary for cash and stock, according to a prepared statement. Valuationary, together with its 15-member team, including the founders, will join and operate from Raise Financial’s headquarters in Mumbai following the acquisition.
Valuationary is an online learning platform that helps young professionals in the financial sector upskill. It was founded in 2020 by Pratik Bajaj, Kunal Shah, and Mahip Gupta. The startup facilitates upskilling through its courses and live sessions, in which it aims to make financial news and information as simple as possible.
Raise hopes to expand its investment and wealth stack with this purchase by allowing investors and traders to learn about markets through Valuationary’s courses.
Raise will also invest further in Valuationary as part of the acquisition to offer additional products in existing and new formats, such as short-form content and micro-courses on a variety of financial issues like stock markets, trading, insurance, overseas investing, and more.
Raise has already bought Mumbai-based stock broker Moneylicious Securities in August of last year. Through the Moneylicious acquisition, the plan was to build a new investment app for everyday stock traders and long-term investors.
The company had previously raised $22 million in new capital from Mirae Asset Venture Investments, Beenext, 3one4 Capital, and Rocketship VC, among others, in January of this year.
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