India, May 13 -- Raise Financial Services on Wednesday announced the acquisition of GreenLife Insurance Broking Private Limited (GIBL), an established IRDA-registered insurance broker, through an all-cash and stock deal.

Raise Financial Services, an emerging player in India's capital markets ecosystem, operates platforms such as Dhan, one of the country's fastest-growing stock trading platforms, along with Fuzz AI, Upsurge, Filter Coffee, and Stratzy.

As part of the transaction, Raise plans to invest $15 million in GIBL to build a direct-to-consumer insurance distribution platform with a strong focus on product innovation, technology, and customer experience.

The move marks a strategic expansion of Raise's broader financial services ec...