Tue May 20 04:00:00 UTC 2025: Okay, here’s a summarized version of the text formatted as a news article:

**Headline: Groww to Acquire Fisdom in $150 Million All-Cash Deal, Eyes Wealth Management Expansion**

**New Delhi, India** – Investment tech unicorn Groww has signed a definitive agreement to acquire wealthtech startup Fisdom in an all-cash deal valued at approximately $150 million. The acquisition, subject to regulatory approvals, signals Groww’s strategic move to bolster its capabilities and expand its offerings in the lucrative wealth management space.

Sources familiar with the matter told Inc42 that Fisdom’s established partnerships with 15 national and regional banks, including Punjab National Bank and Indian Bank, were a key driver of the acquisition. This will enable Groww to broaden its customer base and enhance its existing services.

This marks Groww’s second major acquisition after Indiabulls AMC in September 2023, through which it ventured into the asset management space. Fisdom, founded in 2015, offers a range of wealth management solutions, including mutual funds, stocks, bonds, and portfolio management services, claiming a million active customers. The acquisition values Fisdom at roughly 50% higher than its last funding round in January 2022.

The news comes as Groww prepares for a potential IPO, reportedly eyeing a valuation of $7-8 billion. Ahead of the anticipated IPO, Groww recently settled several long-pending cases with SEBI. Additionally, Singapore’s sovereign wealth fund GIC is in the process of acquiring a 2% stake in Groww.

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