Groww In Acquisition Talks With Wealthtech Startup Fisdom

Groww, India’s largest stock broking platform, is in talks to acquire PayU-backed wealthtech startup Fisdom for $140-160 million, according to sources.

The talks come as Fisdom explores funding from private equity firms, the sources added.

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“Fisdom has been in the market for raising a financing round and is evaluating a few term sheets… But now there is a strategic interest from Groww which is also being considered,” a source was quoted as saying in the report. 

Fisdom’s early investors, including PayU, are also looking to sell some of their shares through a secondary sale or a new funding round, the report said.

Fisdom last raised $5 million from PayU, valuing the company at around $102 million. So far, it has secured over $42 million in total funding. Its investors also include Quona Capital and Saama Capital.

About Fisdom 

Founded in 2016 by Subramanya S V and Anand Dalmia, Fisdom is a wealthtech platform that helps users invest in stocks and mutual funds. It also provides portfolio management, tax filing, and wealth management services for high-net-worth individuals (HNIs).

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