Groww, one of India’s fastest-growing online stockbroking platforms, has infused INR 104.5 Cr into its wholly owned wealthtech subsidiary Fisdom through a rights issue. The capital injection marks another major step in Groww’s strategy to strengthen its wealth management offerings after completing the acquisition of Fisdom earlier this year.
According to Groww’s recent exchange filing, the infusion is part of the obligations outlined in the share purchase agreement signed with Fisdom’s parent company, Finwizard Technology Pvt Ltd, back in May. The investment is expected to support Fisdom’s payout commitments and working capital requirements, ensuring smooth operations and enabling the platform to scale more efficiently under the Groww umbrella.
Groww fully acquired Fisdom in October 2025 through an all-cash deal valued at approximately $150 Mn. The acquisition is a strategic move aimed at broadening Groww’s suite of financial services and deepening its presence in the wealth management and advisory segments. In its Q2 FY26 shareholders letter, Groww revealed that it spent around INR 961 Cr toward the acquisition during the quarter, reflecting the company’s commitment to expanding its reach beyond stockbroking into the wider financial services domain.
Founded in 2015, Fisdom is a well-established wealthtech platform offering a diverse range of financial products and services. Its offerings include the distribution of mutual funds, insurance products, alternative investment products, and services in stockbroking and portfolio management. Over the years, Fisdom has carved out a strong reputation for making investment services accessible and easy to understand for retail customers, especially through partnerships with banks and financial institutions.
Fisdom reported INR 166.3 Cr in revenue in FY25, highlighting its strong market position and potential for scaling further under Groww’s ownership. With additional capital now infused, Fisdom is positioned to accelerate its growth, enhance product distribution, and strengthen its advisory capabilities—key differentiators in India’s increasingly competitive wealth management industry.
For Groww, the investment is part of a larger strategy to evolve into a full-service financial powerhouse. While the platform initially gained traction in India’s stockbroking boom, it has been steadily expanding its footprint into mutual funds, fixed-income products, smallcase-like portfolios, and wealth advisory services. The acquisition of Fisdom complements this roadmap, giving Groww a stronger foothold in segments where traditional players like banks and legacy wealth managers have historically dominated.
The fresh infusion into Fisdom is likely to support tech upgrades, product innovation, and operational efficiencies—all crucial for competing in India’s rapidly growing wealthtech landscape. With a rising middle class, increasing financial awareness, and a surge in retail participation across asset classes, the demand for holistic financial services is stronger than ever.
As Groww strengthens its ecosystem with platforms like Fisdom, the company is positioning itself to become a one-stop solution for Indian investors seeking convenience, reliability, and a comprehensive suite of financial products. The latest capital injection is a clear signal of Groww’s long-term vision: to lead not just in stockbroking but across the entire wealth management spectrum.
