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Groww to acquire Prosus-backed Fisdom for $150 mn
Mint Mumbai
|May 17, 2025
The deal comes ahead of Groww's planned IPO filing and follows GIC's bid to pick up a minority stake in the company
Online stock trading platform Groww has signed a definitive agreement to acquire wealth-tech startup Fisdom in an all-cash deal for around $150 million, according to two people with knowledge of the development.
The deal, currently subject to regulatory approval, will mark Groww's entry into the wealth management segment.
The top leaders of Fisdom will stay on to scale the wealth management segment internally, the people quoted earlier said on the condition of anonymity.
Groww and Fisdom declined to comment on Mint's queries.
Dit verhaal komt uit de May 17, 2025-editie van Mint Mumbai.
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