Groww to acquire wealth-tech platform Fisdom for $150 million

Wealthtech unicorn Groww has signed a definitive agreement to acquire wealth-tech startup Fisdom in an all-cash deal, subject to regulatory approval, according to sources aware of the matter. The acquisition comes as Groww prepares to file its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) within the next 10-14 days.