Dhani Services Limited
| Public | |
| Traded as | BSE: 532960 NSE: DHANI |
| ISIN | 🆔INE274G01010 |
| Industry | |
| Founded 📆 | 1995 |
| Founder 👔 | |
| Headquarters 🏙️ | , , India |
Area served 🗺️ | India |
Key people | Sameer Gehlaut[1] |
| Products 📟 | |
| Services | |
| Owner | Sameer Gehlaut |
| Members | |
Number of employees | 10000+ (2021) |
| Subsidiaries | Dhani Loans & Services Limited Dhani Stocks Limited Dhani Healthcare Limited |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Dhani is an Indian financial technology-cum-health technology company that operates a super-app; providing digital financial services such as online credit, online wallet, stock purchase, e-commerce, and primary healthcare services such as online pharmacy services and doctor consultations via tele medicine.[2]
History[edit]
The company was founded by Sameer Gehlaut in 1995, as Indiabulls Ventures Limited which was later renamed Dhani Services Limited in October 2020 to accommodate the consumer business of the Indiabulls Group under one brand name.[3] In 2017, one of its subsidiaries, Indiabulls Consumer Finance Limited launched an app-based lending platform primarily focused on the personal loans domain.[4] In October 2020, the subsidiary also adopted a new name as Dhani Loans & Services Limited.[5][6] Another subsidiary, Indiabulls Securities Limited adopted a new name Dhani Stocks Limited in 2020[7] and a new company Dhani Healthcare Limited was incorporated to offer telemedicine and online pharmacy services.[8]
Funding[edit]
- In October 2020, Dhani raised ₹147 crores by issuing 84 lakh shares to New York-based NWI Management.[9]
- Again, in October 2020, the company raised ₹1200 crore from General Catalyst Partners, Think Investments, Ribbit Capital, First Royalty Ventures, and the founder Sameer Gehlaut.[10]
Services[edit]
Dhani's super app combines an online wallet with buy now, pay later facility & primary healthcare services under OneFreedom. In its gamified ecosystem, customers use multiple products within the app to perform mobile recharge, loan repayments, and insurance payments. The platform now also offers direct investments in stocks listed on Bombay Stock Exchange and National Stock Exchange of India.[11][12]
In 2020, the company integrated online pharmacy with its super app. Within it Dhani Doctor, a telemedicine service including instant video consultations with in-house doctors was added.[13]
In 2021, Dhani's super-app was rated as one of the best personal loan applications in India by The New Indian Express.[14]
Controversies[edit]
- In April 2021, many non-users of the Dhani app received a text message to pay for a loan that was never taken by them. The company later apologised to its users for this tech glitch.[15][16]
- In December 2020 Times of India news report, it was revealed that women doctors on various Indian online doctor consultation portals face "sexual harassment" from patients. At that time, the company "expressed inability" to issue any "formal statement".[17]
- In mid-February 2022, many non-users reported that they have faced issues over the misuse of their permanent account number details by unknown third parties on the Dhani app to avail loans without their consent and knowledge.[18][19]
References[edit]
- ↑ Sameer Gehlaut to resign from Indiabulls Housing Finance board by March 31 CNBC TV18 Retrieved on 12 January 2022
- ↑ Gupta, Ashish; Shah, Viral (2021). India FinTech Sector:A Guide to the Galaxy (PDF). Mumbai: Credit Suisse. p. 63. Search this book on
- ↑ "Indiabulls Ventures Limited is now Dhani Services Limited". EquityBulls. 2020-10-06. Retrieved 2022-02-18.
- ↑ "Indiabulls Ventures' subsidiary launches mobile application 'Dhani App'". Business Standard India. 2017-10-25. Retrieved 2022-02-18.
- ↑ "IFIN". www.ifinltd.in. Retrieved 2022-02-18.
- ↑ Shethia, Himanshu; Agarwal, Sanjay (7 April 2021). "CARE Ratings: Loans and Services Limited" (PDF). IDBI Trusteeship. Retrieved 18 February 2021.
- ↑ Harsha, Sree; Patwardhan, Anil (18 December 2020). "Rating Rationale: Dhani Stocks Limited (erstwhile Indiabulls Securities Ltd)" (PDF). Brickwork Ratings. Retrieved 18 February 2022.
- ↑ "Indiabulls' healthcare arm to offer Rs 90-crore of non-critical drugs in Covid aid". ETHealthworld.com. Retrieved 2022-02-18.
- ↑ "Dhani Services raises Rs 147 cr by issuing shares to foreign investor". Business Standard India. 2020-10-06. Retrieved 2022-02-18.
- ↑ "Dhani Services to raise Rs 1,200 crore from General Catalysts, others". The Economic Times. Retrieved 2022-02-18.
- ↑ "Dhani Stocks launches new platform". www.thehindubusinessline.com. Retrieved 2022-02-18.
- ↑ R Kavitha, R. Rajeswari (2021-08-20). "QM wallet Chain: Blockchain Traceability using Working Vacation Queueing Model in Mobile Wallet". Turkish Online Journal of Qualitative Inquiry. 12 (8): 2876–2889. ISSN 1309-6591.
- ↑ "The pandemic has accelerated the adoption of digital healthcare services: Nikhil Chari, Dhani Healthcare". The Financial Express. Retrieved 2022-02-18.
- ↑ "10 Best Personal Loan Apps in India (February 2022)". The New Indian Express. Retrieved 2022-02-18.
- ↑ "Way to go 'Dhani': A utility application asking non-users of the app to repay loan which they never took". Free Press Journal. Retrieved 2022-02-18.
- ↑ Khan, Sami (2021-04-07). "Indiabulls Dhani spamming people with payment reminders. Problem: Non-users getting them too". www.ibtimes.co.in. Retrieved 2022-02-18.
- ↑ Nagarajan, Rema (December 29, 2020). "Women docs sexually harassed during e-consultations, websites try to hide it | India News - Times of India". The Times of India. Retrieved 2022-02-18.
- ↑ Singh, Ritu (2022-02-15). "PAN misuse? Indiabulls' Dhani app disbursed loans 'without consent', claim users". cnbctv18.com. Retrieved 2022-03-03.
- ↑ Bureau, BL Mumbai. "Complaints of fraudsters using PAN of other people to obtain loans from Dhani app hit social media". www.thehindubusinessline.com. Retrieved 2022-03-03.
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