Groww completes acquisition of wealthtech platform Fisdom

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Investment platform Groww has completed the acquisition of Bengaluru-based wealth management platform Fisdom after receiving approval from market regulator Securities and Exchange Board of India (Sebi).

The company had announced on May 18 that it had signed a definitive agreement to acquire Fisdom. With regulatory approvals now secured, the transaction is valued between $140 million and $160 million.

ET was the first to report on the deal on March 13.

The acquisition comes at a strategic time for Groww, as the company has filed for its initial public…



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Groww completes acquisition of wealthtech platform Fisdom



Investment platform Groww has completed the acquisition of Bengaluru-based wealth management platform Fisdom after receiving approval from market regulator Securities and Exchange Board of India (Sebi).

The company had announced on May 18 that it had signed a definitive agreement to acquire Fisdom. With regulatory approvals now secured, the transaction is valued between $140 million and $160 million.

ET was the first to report on the deal on March 13.

The acquisition comes at a strategic time for Groww, as the company has filed for its initial public…



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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