New Delhi, Oct 6: IPO-bound investment platform Groww has completed the acquisition of wealth-tech startup Fisdom after receiving regulatory clearance from the capital markets watchdog Sebi last week, people familiar with the development said on Monday.

Expansion into Wealth Management

The transaction, concluded on Monday, paves the way for Groww's foray into the wealth management space through a new offering named 'W', aimed at High Net-worth Individuals (HNIs) and affluent investors, they added.

The move marks a significant expansion beyond Groww's traditional stronghold in retail investing and mutual funds.

Groww’s Evolution and Fisdom Integration

Groww, founded in 2016, has steadily evolved into a full-stack financial platform, diversifying into asset management, corporate bonds,

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