Tech
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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