Dhani Services to secure Rs1,200 crore from General Catalyst, Ribbit Capital: sells 9% stakes
- ByStartupStory | October 21, 2021
Dhani Services Ltd., one of India’s fastest growing transaction financing and primary healthcare platforms, announced a capital increase of Rs 1,200 crore for a 9% stake. Dhani is classified as no. 3 in the Google Play Store (India) in the Business category. Dhani has over 30 paid monthly lac subscriptions and 90 active monthly lac+ users. The founder of
Dhani, General Catalyst is the main investor of Dhani, investing Rs 375 crore along with other investors including Ribbit
Capital in the preferential round.
General Catalyst has invested in companies like Stripe in fintech and Livongo in digital health. The investment company focuses on start-up and growth investments in the technology sector.
The company’s flagship product, OneFreedom Card, offers instant credit limit and a host of additional benefits such as access to doctors, discounted medicines, instant cash back, free trade and many merchant offers at a nominal monthly subscription price of @ Rs 250.
Dhani is a mainstream company that operates through its Dhani app and provides its clients with transaction financing and digital healthcare. The company has a customer base of 3 million customers in 500 cities in India.
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