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Recently listed stock broker Groww has infused INR 104.5 Cr into its wholly owned wealthtech platform Fisdom via a rights issue.
In an exchange filing, Groww said that as per the share purchase agreement it entered into with Fisdom’s parent company Finwizard Technology Pvt Ltd in May, it was to infuse additional capital to facilitate certain payouts and other working capital requirements.
Notably, Groww completed the acquisition of Fisdom in October 2025 in an all-cash deal at a valuation of about $150 Mn. In its Q2 FY26 shareholders letter, Groww said it spent about INR 961 Cr towards the acquisition in the quarter.
Founded in 2015 by Anand Dalmia and Subramanya SV, Fisdom is engaged in the business of distribution of financial products and services, including distribution of mutual funds, insurance products, and alternative investment products, along with stockbroking and portfolio management services. It posted a revenue of INR 166.3 Cr in FY25.
The development comes as Groww, fresh off a blockbuster IPO, shifts from a pure-play broker to a full-stack wealth platform.
The company made its public market debut earlier this month, listing at a 12-14% premium to the issue price, followed by a blistering rally.
In its first financial disclosure after listing, Groww reported a 12% YoY rise in net profit to INR 471.3 Cr in Q2 FY26. However, operating revenue declined 9.5% YoY to INR 1,018.7 Cr, impacted by true-to-label rules and tighter derivatives regulations.
In a post-earnings call, Groww CEO Lalit Keshre said the company would focus on a few key products over the next couple of years, including wealth management services. He noted that with rising affluence, wealth management is poised to see a sharp rise in demand.
“… a lot of our customers now are kind of becoming affluent, and they need wealth management. Wealth management is going to be a big game for us going forward,” Keshre said.
Shares of Groww ended today’s trading session 0.88% lower at INR 158.85 on the BSE today. The stock is up 58.8% from its IPO issue price of INR 100.
The post Groww Pumps INR 104.4 Cr Into Wealthtech Subsidiary Fisdom appeared first on Inc42 Media.
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