Hornbill Capital submits $200 million bid to invest in Dhan at $1.25 billion valuation

Hornbill Capital, an India-focused hedge fund anchored by Asian private equity firm Orchid Asia, has entered the race to invest in stock trading platform Dhan, submitting a $200 million bid at a $1.25 billion pre-money valuation, people briefed on the matter said. This adds another contender to the ongoing funding talks in one of the most chased deals.