CosmicTaco

Groww Eyes Wealth Management with Fisdom Acquisition

CosmicTaco · 2025-03-13T10:42:41.375709+05:30

- Investment tech unicorn Groww is reportedly in talks to acquire wealthtech startup Fisdom as part of its strategy to enter the wealth management space. - Fisdom, which offers investment in stocks, mutual funds, PMS, and wealth management services, is likely to be valued at $140 Mn to $160 Mn. - Sources indicate that the discussions are at an initial stage, and Groww is also exploring other potential acquisitions in both online and offline sectors. - The acquisition aligns with Groww's plans to expand its offerings and strengthen its position in the wealth management market. - This move comes amidst Groww's broader efforts to enhance its portfolio and provide comprehensive financial solutions to its users. Source: [Inc42](https://inc42.com/buzz/groww-in-talks-to-buy-wealthtech-startup-fisdom/?_gl=1*hpdpi5*_gcl_au*MTMwODg2MjMuMTczNzY5NjMzMA..*_ga*MTE1MDE4MjYyMi4xNzM3Njk2MzMw*_ga_67F2T4M6Z5*MTc0MTg0MjY0OS42LjAuMTc0MTg0MjY0OS42MC4wLjA.)

Investment tech unicorn Groww is reportedly in talks to acquire wealthtech startup Fisdom as part of its strategy to enter the wealth management space.
Fisdom, which offers investment in stocks, mutual funds, PMS, and wealth management services, is likely to be valued at $140 Mn to $160 Mn.
Sources indicate that the discussions are at an initial stage, and Groww is also exploring other potential acquisitions in both online and offline sectors.
The acquisition aligns with Groww's plans to expand its offerings and strengthen its position in the wealth management market.
This move comes amidst Groww's broader efforts to enhance its portfolio and provide comprehensive financial solutions to its users.

Source: Inc42