Groww is in acquisition talks with Fisdom, others in diversification bid

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Groww, India’s largest stock broking platform, is in talks with PayU-backed Fisdom for a potential acquisition, valuing the wealthtech startup between $140-160 million, said three people in the know.

The discussions with Groww track Bengaluru-based Fisdom’s parleys with private equity firms for a new round of funding, the people said.

“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,” one of the persons said. A term…



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Groww is in acquisition talks with Fisdom, others in diversification bid


Groww, India’s largest stock broking platform, is in talks with PayU-backed Fisdom for a potential acquisition, valuing the wealthtech startup between $140-160 million, said three people in the know.

The discussions with Groww track Bengaluru-based Fisdom’s parleys with private equity firms for a new round of funding, the people said.

“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,” one of the persons said. A term…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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