Private Equity

Liquidity Events

Stock broking platform Groww to acquire wealth-tech co. Fisdom at $150-M valuation

Inc42   Business Line  

Bengaluru-based digital stock investment enabler Groww is to acquire fellow Bengaluru-based wealth-tech startup Fisdom in an all-cash deal at a reported valuation of USD 140-160 million.Founded in 2015 by Anand Dalmia and SV Subramanya, Fisdom offers wealth management solutions, including mutual funds, stocks, bonds, portfolio management services (PMS), and tax filing solutions.

Between Oct 2016 and Oct 2016, Fisdom had attracted about USD 42 M from Saama Capital, Quona Capital and Prosus Ventures.For FY24, Fisdom had reported about INR 82 Cr in Operating Income and about INR 57 Cr in Net Loss.