Groww has infused an additional Rs 104.4 crore into Fisdom, its recently acquired wealthtech subsidiary, as the fintech accelerates efforts to diversify beyond its derivatives-heavy brokerage model.
Furthermore, Billionbrains Garage Ventures Ltd., the listed parent of Groww, stated in a stock-exchange filing that it invested the amount through a rights issue in Finwizard Technology Pvt. Ltd., the entity that operates Fisdom. In this process, the company bought 87,384 shares at Rs 11,954.94 apiece, and ownership remained unchanged because Fisdom continues as a wholly owned subsidiary.
Additionally, the filing said the capital infusion was required under the May 16, 2025, Share Purchase Agreement, which obligated Groww to “infuse additional capital to facilitate certain payouts and other working capital requirements.” Meanwhile, Fisdom—which Groww acquired for about Rs 961 crore in October—offers wealth management and distribution services across mutual funds, insurance, PMS, AIFs, and unlisted securities. The unit generated Rs 166.3 crore in revenue last year and remains close to breakeven, although it is still loss-making.
Moreover, the investment reflects Groww’s attempt to shift away from its over-dependence on derivatives brokerage, which contributed 57% of revenue in Q2 FY26, down from 68% a year earlier. SEBI’s regulatory tightening has weighed heavily on F&O trading and has already wiped out nearly Rs 203 crore in revenue for Groww in FY26.
In line with this shift, management said the long-term plan aims to reduce derivatives to less than half of total revenue while wealth management, commodities, and credit scale up. Co-founder of Groww, Ishan Bansal, told analysts during the recent earnings call, “It is beyond 50; definitely it can come below 50.”
Consequently, Fisdom plays a central role in this strategic change by giving Groww deeper access to affluent customers, whose numbers are rising 52% annually and now hold 34% of the platform’s total assets. Finally, the acquisition added about 500 employees, including 180 in sales, and introduced new advisory-led offerings such as a “PMS of mutual funds,” which charges direct fees to customers.
