Elevate Monetary Providers has introduced that it has entered right into a definitive settlement to amass Surat-based eLearning startup Valuationary in a money and inventory deal.
Put up-acquisition, Valuationary will be a part of and function from Elevate Monetary’s headquarters in Mumbai together with its 15-member staff together with the founders.
Valuationary will proceed to construct and scale its monetary platform and complement Dhan – Elevate Financials’ funding & buying and selling platform
Based in 2020 by Pratik Bajaj, Kunal Shah, and Mahip Gupta, Valuationary helps customers to upskill by means of its programs, stay periods, and in depth social media presence the place it responsibly simplifies monetary information & data.
With this acquisition, Elevate goals to strengthen its Funding & Wealth stack by enabling traders & merchants to find out about markets through Valuationary’s programs.
Elevate at present owns and manages Dhan – a expertise focussed funding platform constructed particularly for long-term traders & tremendous merchants.
In January this yr, the Pravin Jadhav-led startup had raised $22 million in Collection A spherical from Mirae Asset Enterprise Investments, BEENEXT, 3one4 Capital, and Rocketship VC. In August final yr, it had additionally acquired Mumbai-based inventory broking app Moneylicious.