Connect with us

Startup News

Groww in Talks to Acquire Wealthtech Startup Fisdom

Published

7 months ago

on

StartupStories - Groww

Investment tech unicorn Groww, India’s largest stock broking platform, is reportedly in early discussions to acquire Fisdom, a Bengaluru-based wealthtech startup backed by PayU. The deal could value Fisdom between $140 million and $160 million and aligns with Groww’s strategy to diversify its offerings ahead of its anticipated IPO later this year.

About Groww and Fisdom

Groww, founded in 2016, is known for simplifying financial services and is India’s leading distributor of mutual fund SIPs. The company aims to expand beyond trading and mutual fund distribution as it prepares for an IPO that could value it between $6 billion and $8 billion.

Fisdom, established in 2015, offers financial services such as mutual fund investments, insurance, tax filing, and private wealth management. It powers banks and distributors for selling mutual funds and recently launched portfolio management services for high-net-worth individuals (HNIs).

Strategic Implications

The acquisition would allow Groww to leverage Fisdom’s distribution technology and private wealth management expertise. This move could complement Groww’s new wealth platform, “W by Groww,” and help diversify its revenue streams amid regulatory changes impacting derivative trading.

Conclusion

If finalized, the acquisition would strengthen Groww’s position in the wealth management sector while providing Fisdom with growth capital to expand its operations. Regulatory approvals could take up to six months to complete the deal.

Related Topics:

Passionate about the entrepreneurial journey, I Konatham Abhishek shares the latest news on startups, founders, and funding, offering valuable insights and updates on the startup ecosystem.

Continue Reading
Advertisement
16 Comments

16 Comments

  1. Dinah Binnicker

    April 10, 2025 at 8:19 pm

    I dugg some of you post as I cogitated they were very useful invaluable

    Reply

  2. Edmund Dreher

    April 15, 2025 at 5:37 am

    This blog is definitely rather handy since I’m at the moment creating an internet floral website – although I am only starting out therefore it’s really fairly small, nothing like this site. Can link to a few of the posts here as they are quite. Thanks much. Zoey Olsen

    Reply

  3. cro agencia

    April 23, 2025 at 9:29 pm

    I regard something really interesting about your site so I saved to my bookmarks.

    Reply

  4. Neal Hembry

    May 3, 2025 at 12:43 am

    Wonderful web site. Lots of helpful information here. I am sending it to several friends ans additionally sharing in delicious. And obviously, thank you on your effort!

    Reply

  5. Airport Transfer Dubai Rolls Royce

    May 18, 2025 at 8:42 pm

    We are dedicated to providing quality Luxury airport transfers, including comfortable and reliable Rolls Royce Airport transfer services. We service all over Dubai city.

    Reply

  6. Cletus Bartholf

    June 1, 2025 at 11:17 pm

    Wonderful beat ! I would like to apprentice while you amend your site, how could i subscribe for a weblog website? The account aided me a appropriate deal. I had been tiny bit acquainted of this your broadcast offered bright transparent concept

    Reply

  7. 7eyaf

    June 5, 2025 at 1:05 pm

    clomid contraindications can i purchase cheap clomid without a prescription how to get generic clomid without dr prescription where can i buy clomiphene without prescription where buy generic clomid without dr prescription clomiphene rx for men where can i buy generic clomid tablets

    Reply

  8. navette orly

    June 6, 2025 at 7:37 am

    This is a very good tips especially to those new to blogosphere, brief and accurate information… Thanks for sharing this one. A must read article.

    Reply

  9. Johnathon Ngyun

    June 29, 2025 at 5:02 pm

    I will right away grab your rss feed as I can’t find your e-mail subscription link or e-newsletter service. Do you have any? Please let me know so that I could subscribe. Thanks.

    Reply

  10. Cat 6A cabling near me san antonio tx

    July 30, 2025 at 2:15 am

    Hello my family member! I want to say that this article is amazing, nice written and come with approximately all vital infos. I¦d like to look more posts like this .

    Reply

  11. industrial workshop cloth

    July 30, 2025 at 11:07 pm

    Thank you, I’ve just been looking for info about this topic for ages and yours is the greatest I’ve discovered till now. But, what about the bottom line? Are you sure about the source?

    Reply

  12. hosting services

    August 7, 2025 at 8:25 am

    Some really fantastic blog posts on this site, regards for contribution.

    Reply

  13. olxtoto alternatif

    August 15, 2025 at 5:44 pm

    Excellent web site. Plenty of useful information here. I am sending it to a few pals ans additionally sharing in delicious. And certainly, thanks to your effort!

    Reply

  14. prediksi togel jitu

    August 21, 2025 at 10:30 am

    I went over this web site and I think you have a lot of fantastic information, saved to fav (:.

    Reply

  15. ayuda PFC arquitectura

    August 24, 2025 at 7:28 am

    I will right away grab your rss feed as I can not find your e-mail subscription link or e-newsletter service. Do you’ve any? Please let me know in order that I could subscribe. Thanks.

    Reply

  16. banca multifuncional

    August 24, 2025 at 4:45 pm

    Hello.This article was really fascinating, particularly because I was browsing for thoughts on this matter last couple of days.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Startup News

Meet the 13 Deeptech Startups Empowered by BIGShift Accelerator in India

Published

1 month ago

on

August 18, 2025

By

Bigshift

India’s deeptech ecosystem has reached a significant milestone with the launch of BIGShift, a premier accelerator programme by Inc42 and India Accelerator designed to empower early-stage startups developing breakthrough technologies. The first cohort comprises 13 innovative startups addressing complex challenges in fields such as artificial intelligence, aerospace, robotics, healthcare, and geospatial analytics. These startups benefitted from specialized capital-readiness training, strategic mentorship, and direct access to investors interested in supporting high-risk, high-reward deeptech ventures, making BIGShift a crucial platform for nurturing India’s next-generation technology leaders.

The accelerator programme uniquely combines virtual bootcamp sessions with a comprehensive two-day in-person masterclass, equipping startups with advanced go-to-market strategies, funding expertise, and a valuable network of experienced operator-mentors. Noteworthy startups from the cohort include ActionSync, focused on enterprise data unification; Polygon Geospatial, delivering AI-powered real-time spatial analytics; Purna AI, which innovates in preventive health through genetic biomarkers; Spacetaxi, pursuing reusable commercial rockets; and VertiFly, specializing in hybrid eVTOL aerial mobility solutions. This diverse group exemplifies the ingenuity and pioneering spirit of Indian deeptech entrepreneurship across multiple high-impact sectors.

BIGShift’s inaugural cohort not only accelerates technological development but also provides critical support mechanisms like pilot project matchmaking, regulatory guidance, and facilitating enterprise collaborations. As these 13 startups transition their groundbreaking solutions from the lab to the marketplace, BIGShift is poised to be a catalyst for deeptech innovation in India, helping transform scientific research into scalable, impactful businesses that will shape the country’s technological future.

Continue Reading

Startup News

Tan90 Secures INR 20 Crore to Boost Enterprise Cooling Solutions

Published

4 months ago

on

May 26, 2025

By

Tan90 - StartupStories

Chennai-based deep-tech startup Tan90 Thermal Solutions has raised INR 20 crore (about $2.3 million) in Series A funding, led by NABVENTURES, with participation from Blue Ashva Capital, Capital-A, and 3i Partners. The fresh capital will help Tan90 expand its energy-efficient cooling solutions across India and into Southeast Asia, the Middle East, and Africa.

Founded in 2019 by IIT alumni Soumalya Mukherjee, Rajnikant Rai, and Shiv Sharma, Tan90 develops innovative phase change materials (PCMs) that enable precise, sustainable cooling for sectors like food logistics, healthcare, and pharmaceuticals. Their technology covers temperatures from –50°C to +80°C, offering up to 40% energy savings and a significant reduction in carbon emissions.

Tan90’s Cooling-as-a-Service platform currently operates in eight Indian cities, serving clients like Swiggy Instamart and Kisaan Konnect, with plans to expand further. Recognized by organizations such as the Bureau of Energy Efficiency and UNIDO, Tan90 aims to make scalable, sustainable cooling infrastructure accessible to enterprises worldwide.

Continue Reading

Latest News

PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

Published

5 months ago

on

May 14, 2025

By

PayU

PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

Continue Reading
Advertisement

Recent Posts

Advertisement