Raise Financial Services has acquired algo-trading startup Stratzy for an undisclosed amount in a cash and stock deal
Post the acquisition, Stratzy’s leadership and other team members will continue to operate independently, while focusing on platform expansions
Raise owns and operates trading platform Dhan, finance-focused AI platform AskFuzz, Upsurge and Filter Coffee
Fintech unicorn Raise Financial Services has acquired algo-trading platform Stratzy in a cash-and-stock deal. However, the parent of stock trading platform Dhan didn’t disclose the financial details of the deal.
Raise said the acquisition is in line with its plans to expand in the capital markets ecosystem. The acquisition will also allow it to introduce a managed and curated algo investing layer for Dhan users.
Post the acquisition, Stratzy’s leadership and other team members will continue to operate independently. The platform will integrate and partner with multiple broking platforms for providing algo trading services.
Stratzy will also focus on platform scaling through expanding its algorithmic strategies, strengthening execution infrastructure, and improving the overall user experience.
“Stratzy’s strength in algorithmic strategies and execution aligns closely with our vision of building a tech-first platform that empowers users with structured, system-driven approaches to the markets,” Raise cofounder and CEO Pravin Jadhav said on the acquisition.
Founded in 2021 by Gaurav Sangle and Mohit Bhandari, Stratzy offers over 100 exchange-approved multi-asset algorithmic trading strategies across equities, indices, futures and options (F&O) and commodities. The investment and trading strategies are built and driven by a mix of quant, AI and system driven approaches.
The platform plans to expand these offerings post the acquisition by Raise. Earlier, it raised $800K (around ₹7.5 Cr) in a pre-seed funding round led by Titan Capital.
Raise, on the other hand, has already been increasing focus on algo-based investment offerings through Dhan. It introduced trading and data APIs in 2022 through DhanHQ, which provides users with automated trading, portfolio management, and real-time market data streaming for multiple investment vehicles.
It later launched a marketplace for trading algorithms, which also offered algorithms from Stratzy. Through the acquisition, Dhan will now feature an algorithm based trading layer leveraging Stratzy’s tech stack.
Raise Financial Services was also founded in 2021 by former Paytm Money CEO Jadhav, along with Alok Pandey, Jay Prakash Gupta, and Raunak Rathi. It became a unicorn in October last year after raising $120 Mn in its Series B funding round at a valuation of $1.2 Bn. The round was led by Hornbill Capital and Japan’s MUFG. Some of its other backers include 3one4 Capital, BEENEXT, CRED founder Kunal Shah, Flipkart CEO Kalyan Krishnamoorthy, and PhonePe cofounders Sameer Nigam and Rahul Chari.
In line with its vision to expand its technology-led financial services offerings, Raise is also in talks to acquire Elevation Capital-backed wealthtech platform Infinyte Club. The transaction is expected to be worth $10 Mn.
Apart from Dhan, DhanHQ and now Stratzy, Raise also owns and operates financial market information platform Upsurge, market research platform ScanX, and AI-driven trading insights platform FuzzAI, which runs on its propriety small language model Artham.
Earlier this year, Raise also launched its trading terminal DEXT T3 to expand its presence in the active trading ecosystem. It also acquired new-age media startup Filter Coffee for an undisclosed amount last year.