Milestone · Financial Services
Dhan completes ₹50 crore ESOP buyback for employees
By Startup Enthusiast ·
- Date
- Company
- Dhan
- What it does
- Trading platform for active investors
- Kind
- Milestone
- Amount
- ₹50 Cr
- Stage
- late
- Founded
- 2021
- Sector
- Financial Services
What they do
Dhan is a technology-first platform for active traders and Gen Z investors
What happened
It completed a company-led ESOP buyback worth ₹50 crore, funded from internal reserves, benefiting about 180 employees
Why it matters
The buyback signals confidence in long-term growth amid competition from Zerodha, Groww and Angel One
The details
- Dhan completed a company-led ESOP buyback worth ₹50 crore.
- The buyback provided liquidity to about 180 employees.
- The buyback was funded entirely from internal reserves.
- The company has been profitable for the last three years.
- Employees received payouts ranging between ₹25 lakh and ₹35 lakh on average.
- Dhan reported ~₹900 crore revenue in FY25, a sharp increase from the previous year.
- The company remained cash-flow positive.
The bigger picture
- The buyback signals confidence in long-term growth amid intense competition from Zerodha, Groww and Angel One.
- Founder Pravin Jadhav previously left Paytm Money over differences on compensation and ESOPs.
- Within four years of Dhan's inception, Jadhav enabled meaningful liquidity opportunities for employees.
About the business
- Dhan is a technology-first platform for active traders and Gen Z investors.
- The company reported ~₹900 crore revenue in FY25.
- It has been profitable for the last three years and remained cash-flow positive.
The deal
- Type
- ESOP buyback
Founders
- Pravin Jadhav, founder
More on Dhan
- Dhan and Samco Securities launch US stock access for Indians13 June 2026 · Launch
- Dhan launches Gold Vault for physical gold and silver29 April 2026 · Launch
- Raise Financial acquires Infinyte Club for $13–15 million1 April 2026 · Acquisition · $10 Mn
- Dhan crosses one million users11 March 2026 · Launch
- Dhan crosses 1 million users in February 202610 March 2026 · Milestone
- Dhan reports Rs 408 crore net profit for FY253 February 2026 · Results · Rs 408 crore
- Dhan CEO comments on new tax rules for share buybacks1 February 2026 · Policy
- Dhan raises $120M Series B, early angels exit12 December 2025 · Funding · $120M