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Stock market investment and trading platform Dhan is in talks with PE fund ChrysCapital for a fresh funding round that could take its valuation to over $1 billion from $125 million, multiple people aware of the negotiations said.ChrysCapital has already issued a term sheet—which outlines key terms and conditions including valuation—to Dhan that competes with IPO-bound Groww and Zerodha, they said.
Two other US investors have also submitted their bids, one of the sources said, adding that the funding round, estimated at between $100-150 million,…
