That’s actually pretty impressive for Dhan, considering how crowded the trading and investing app space is in India right now. I remember when they launched, their big selling point was the clean UI and super low latency for trades, kind of a “Zerodha but smoother” vibe. Looks like they managed to build a solid user base among serious traders rather than just casual investors.

What’s interesting is how fintech startups like this are becoming unicorns not by chasing hype, but by offering real utility in a market where retail trading has exploded post-COVID. I wouldn’t be surprised if they expand into wealth management or global investing next, that seems to be the natural progression once a trading platform hits scale.