Raise Financial Acquires Filter Coffee To Foray Into Business Content

Raise Financial Acquires Filter Coffee To Foray Into Business Content

SUMMARY

With the acquisition, Raise aims to simplify market news, offer data-driven insights and further expand to video and storytelling

Goa-based Filter Coffee was founded in 2020 to offer financial news bites and market insights to everyday investors

Raise offers multiple financial services in the stock broking space, including stock broking app Dhan, Option Trader app for options trading, among others

“A significant & much-needed step towards delivering sharp, jargon-free business content every day,” it added

Mumbai-based fintech startup Raise Financial Services has acquired new-age media startup Filter Coffee. 

However, the company did not disclose the financial terms of the deal.

Taking to X, Raise said, “We’re thrilled to announce that @FilterCoffeeHQ is now part of the Raise family!” 

The startup added that with this buyout it seeks to offer business content. “A significant & much-needed step towards delivering sharp, jargon-free business content every day,” it added. 

With the acquisition, the fintech startup aims to simplify market news, offer data-driven insights and further expand to video and storytelling. In line with that, Filter Coffee will expand its content across short-form videos and long-form storytelling around financial markets. 

Goa-based Filter Coffee was founded in 2020 by Tanvi Raut Dessai to offer financial news bites and market insights to everyday investors. 

“Common values and a strong passion for the markets have brought Filter Coffee and Raise together and will take us forward,” Raise said in its post on X. 

Commenting on the acquisition, Raise founder and CEO Pravin Jadhav said, “We are excited to welcome Filter Coffee and Tanvi to the Raise ecosystem. Filter Coffee is a trusted brand with a unique voice that resonates with India’s emerging investor class. We look forward to supporting their growth journey.”

Founded in 2021 by ex-Paytm Money CEO Pravin Jadhav and Alok Pandey, Raise offers multiple financial services in the stock broking space. 

Its portfolio consists of stock broking app Dhan, Option Trader app to facilitate options trading, TradingView by Dhan, and an API platform for traders called DhanHQ API. It also counts edtech platform Upsurge.club, which offers trading courses, in its portfolio. 

Last year, it was reported that Raise was in early stages of discussions to raise around $100 Mn in a funding round which would propel its valuation between $1.2 Bn to $1.5 Bn, turning it into a unicorn.

On the financial front, Raise turned profitable in the financial year ended March 31, 2023. It reported a net profit of INR 7.16 Cr in the financial year 2022-23 (FY23) as against a net loss of INR 2.78 Cr in the previous fiscal year.

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