# Pravin Jadhav

> Pravin Jadhav, known as PJ, is the Mumbai-based founder and CEO of Dhan and co-founder of its parent Raise Financial Services. He previously founded Wishberg, led growth at Freecharge, served as chief of product and growth at Servify, and built Paytm Money as its founding leader. His public writing and career centre on product development, customer service and the experience of starting businesses.

- **Role:** Founder and CEO at Dhan; Co-founder and CEO at Raise Financial Services
- **Organizations:** Dhan, Raise Financial Services, Paytm Money, Servify, Freecharge, Wishberg, Rediff, Ohana Media
- **Education:** Sardar Patel College of Engineering, SIES College of Management Studies
- **Known for:** Built and led Paytm Money as its founding leader, later Managing Director and CEO., Co-founded Raise Financial Services and launched Dhan in November 2021., Raise secured a $120 million Series B in October 2025.

## Career timeline

- **2006-2008** — Worked on mobile Rediffmail and Rediff ecommerce products, according to his own career account.
- **2010** — Led product work at Ohana Media.
- **2011** — Started the social discovery venture Tyche’d with Kulin Shah; it became Wishberg in 2012.
- **2014** — Wishberg shut down; the founding team joined Freecharge, where Jadhav led product and growth.
- **2016-2017** — Chief of Product and Growth at Servify.
- **2017** — Discussed an investment and wealth-management business with Vijay Shekhar Sharma; helped build Paytm Money.
- **2018** — Paytm Money launched its mutual-fund investment app.
- **2019** — Appointed Managing Director and CEO of Paytm Money.
- **2020** — Left Paytm Money.
- **2021** — Founded Raise Financial Services with co-founders; Dhan launched in November.
- **2022** — Raise announced a $22 million Series A; Jadhav published his argument against competing through zero brokerage.
- **2025** — Raise raised a $120 million Series B at a reported $1.2 billion valuation.

## Achievements

- Built and led Paytm Money as its founding leader, later Managing Director and CEO.
- Co-founded Raise Financial Services and launched Dhan in November 2021.
- Raise secured a $120 million Series B in October 2025.
- Dhan operator Raise Securities ranked ninth by NSE active clients on March 31, 2026, with 2.3% market share.

## Latest updates

- **2026-07** — Publicly described rejection of a home-loan application, saying the bank treated him as a high-risk founder.
- **2026-06** — A June 1 credit-rating report recorded Dhan operator Raise Securities as ninth by NSE active clients as of March 31, 2026. Provisional FY2026 net operating income was ₹904.9 crore and profit after tax ₹325.8 crore.
- **2025-10** — Raise announced a $120 million Series B led by Hornbill Capital, with MUFG and BEENEXT participating; the reported valuation was $1.2 billion.
- **2025-01** — Raise acquired financial media startup Filter Coffee, founded by Tanvi Raut Dessai.

## Links

- Website: https://www.beingpractical.com/
- LinkedIn: https://www.linkedin.com/in/pravinj/
- Twitter/X: https://x.com/BeingPractical

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Profile page: https://yespress.io/pravin-jadhav
Published by YesPress — https://yespress.io
Last updated: 2026-10-23