IPO-bound Groww to acquire Fisdom in $150 million all-cash deal

Groww is set to acquire wealth-tech startup Fisdom for approximately $150 million in an all-cash deal, marking its entry into wealth management and offline advisory services. This acquisition follows Groww's previous purchase of Indiabulls Asset Management Company. Fisdom, known for its partnerships with numerous banks and diverse investment offerings, reported revenue of Rs 84 crore in FY24.

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