Groww To Acquire Wealthtech Startup Fisdom

Sources: Indian investment app Groww agrees to acquire wealthtech startup Fisdom in an all-cash deal, valuing Fisdom at $140M to $160M; Fisdom had raised ~$48M

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Groww To Acquire Wealthtech Startup Fisdom

IPO-bound investment tech unicorn Groww has signed a definitive agreement to acquire wealthtech startup Fisdom in an all-cash deal, sources told Inc42.  The deal, which values Fisdom at about $150 Mn, is subject to regulatory approval. With the acquisition, Groww is looking to expand its offerings in the wealth management space.  “The move will bolster Groww’s capabilities and expand its offerings in the wealth management sector. With Fisdom’s e…

Groww to acquire Fisdom in a $150 million all-cash deal - Business Fast

Investment platform Groww has signed a definitive agreement to acquire wealthtech startup Fisdom in an all-cash deal, subject to regulatory approval, according to people familiar with the matter.The acquisition will help Groww, India’s largest stockbroking platform by active users, expand its presence in the wealth management space.ET had first reported on the deal on March