Dhan’s unicorn fundraise; IT’s flat Q2

Happy Monday! Stock-trading startup Dhan has raised $120 million at a unicorn valuation. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ D2C startups chase profits
■ Experts on RBI’s new authentication
■ Urban Company’s latest foray

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Dhan closes $120 million funding led by Horbill Capital, hits unicorn valuation

Pravin Jadhav, CEO, Dhan

Stock trading startup Dhan has entered unicorn territory after its parent, Raise Financial, secured $120 million (approximately Rs 1,000 crore) in a fresh funding round.

ET had first…