
Groww in Talks to Acquire Wealthtech Startup Fisdom
Groww is reportedly negotiating the acquisition of Fisdom in a strategic move to diversify its services, expanding into wealth management amid regulatory changes affecting its core business.
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Groww is reportedly negotiating the acquisition of Fisdom in a strategic move to diversify its services, expanding into wealth management amid regulatory changes affecting its core business.
Fintech unicorn Groww has appointed JPMorgan and Kotak Mahindra as lead bankers for its upcoming IPO, targeting $750 million. Founded in 2016, Groww has grown into India’s largest retail stockbroker. The IPO aligns with India’s booming capital market, with plans to expand its financial services offerings further.
Groww’s $160M tax payment as it shifts its headquarters from the U.S. back to India signals a larger wave of startup relocations. Amid India’s booming IPO market and favorable regulations, many startups are choosing to return, driven by the promise of better growth opportunities and regulatory alignment.