The team behind the Bengaluru-based learning application Dstreet Finance has been acquired by stock brokerage business Angel One.
According to a statement from the firm, Angel One hopes to strengthen its position in the market and provide better solutions for the younger demographic by making strategic investments in talent, technological advances, and products as well as forming alliances through acquisitions.
“We’ve acquired the team from Dstreet, which primarily caters to younger audiences, spanning various user segments. In the capital market journey, users go through stages like discovery, decision-making, transaction, and management, all while continuing to learn about managing their finances. The Dstreet team is well-equipped to create engagement solutions, content, and community offerings for these younger audiences,” Prateek Mehta, chief business officer of Angel One, told Inc42.
In the interim, the acquirer’s content, interaction with users, and learning-related initiatives will be spearheaded by the Dstreet Finance team. This comes soon after the Securities and Exchange Board of India (SEBI) gave Angel One clearance in principle to sponsor a mutual fund.
Dstreet Finance, with its headquarters in Bengaluru and founded by Suresh Bavisetti and Paarth Dhar, is a content creator that specializes in developing interesting educational opportunities for investors in emerging markets. It states that since its founding in April 2021, 1 million people have been joined and supported.
About Angel One
Angel One Limited is a Fintech firm that offers its clients the distribution of financial products, research, broking, margin trading, depository, and investment education services. They currently have over 15 mn registered users, and they onboard over 570K new users each month on average.
About Dstreet Finance
Dstreet Finance provides financial experts with tech. The company provides enterprise-grade systems with algorithmic trading solutions, a stock market gaming platform, and product development.