Avendus Capital advises Fisdom on its strategic acquisition by Groww, creating a Full-Stack Wealth and Broking Platform

Anand Dalmia and I are grateful to our customers, team (current as well as past), partners, and investors who helped build Fisdom with belief and passion. It has been an incredible journey over the years that is set to get better. This is neither a sale nor an exit for us. It’s a collaboration that gives us the opportunity to build something bigger and more enduring. As we join forces with Lalit Keshre, Harsh Jain, Ishan Bansal, Neeraj Singh and the Groww team, we are incredibly excited about what lies ahead. The Groww team operates with tremendous clarity, relentless focus on execution, and uncompromising focus on the customer (a rare trait in the industry) which make them the right partners to continue our journey further.

Subu and Anand have built a truly unique wealth platform through a technology-first approach and deep partnerships with large banks. This transaction represents an ongoing trend of transformative M&As in fintech, which are increasingly driving strategic value-unlocking and growth opportunities. We are proud to have partnered with Fisdom and its shareholders on this landmark transaction.