Fintech Investment

India’s Groww Injects $16 Mn Into Wealthtech Unit Fisdom

• ByStartupStory     |    November 30, 2025

Post-IPO Capital Fuels Full-Stack Wealth Management Ambitions

Recently listed stockbroker Groww has infused ₹104.4 crore (approximately $16 million) into its wholly-owned wealthtech subsidiary Fisdom through a rights issue, fulfilling commitments from its October 2025 acquisition valued at $150 million. The capital supports payouts to Fisdom stakeholders and bolsters working capital as Groww accelerates its shift from pure-play broking to comprehensive wealth services amid surging affluent customer demand.​

Strategic Acquisition Powers Wealth Expansion

Founded in 2015 by Anand Dalmia and Subramanya SV, Fisdom distributes mutual funds, insurance, alternative investments, stockbroking, and portfolio management, posting ₹166.3 crore revenue in FY25. Groww’s all-cash deal integrates Fisdom’s capabilities, enabling end-to-end wealth solutions from broking to advisory for its 14 million+ active users.​

CEO Lalit Keshre highlighted wealth management as a core growth pillar, noting many customers are becoming affluent and require sophisticated services beyond trading. This infusion aligns with Groww’s Q2 FY26 results showing 12% YoY net profit rise to ₹471.3 crore despite revenue dip from regulatory changes.​

Broking Giant Targets ₹1 Lakh Cr AUM Milestone

Fresh off a blockbuster ₹7,000 crore IPO that valued Groww at $8 billion, the platform eyes scaling wealth AUM from ₹2,520 crore (June 2025) via ETFs and advisory. Fisdom’s integration positions Groww against 360 One Wealth, Dezerv, and consolidating players like Cred (Kuvera) and ET Money.​

With India’s retail investor base adding 10 million every six months, Groww leverages its scale for mutual funds, PMS, and alternatives, betting on rising household savings channeling into professional wealth management.

Follow Startup Story