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Total amount raised
$54M
Latest funding date
2025-11-29
Location
Fisdom has raised funds across multiple rounds since 2015, with the latest being a Corporate Round in November 2025 led by Groww. The digital wealth management platform has garnered support from investors including PayU, Quona Capital, Saama Capital, and Groww.
Keep reading to explore the intricacies of Fisdom's fundraising journey and the investors backing this innovative platform.
Fisdom has raised funds across multiple rounds since 2015, with the latest being a Corporate Round in November 2025 led by Groww. The digital wealth management platform has garnered support from investors including PayU, Quona Capital, Saama Capital, and Groww.
Keep reading to explore the intricacies of Fisdom's fundraising journey and the investors backing this innovative platform.
What Is Fisdom?
Fisdom, a digital wealth management platform, is based in Bangalore, Karnataka, India. The company operates in the finance, financial services, fintech, and wealth management industries. It has a workforce of 501-1000 employees.
Offering a suite of financial products and services, Fisdom caters to individual investors. The platform provides portfolio management services, stock trading, mutual funds, and IPO investments. Trusted by top banks in India, Fisdom has garnered multiple awards for its innovative fintech solutions. In October 2025, Fisdom was fully acquired by Groww in an all-cash deal valued at approximately $150 million.
How Much Funding Has Fisdom Raised?
- Seed Round
- Amount Raised: $500,000
- Date: January 2016
- Lead Investors: Rob Chandra (Silicon Valley-based VC); participating angels included TaxiForSure co-founders Aprameya Radhakrishna and Raghunandan G
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial capital to build out the wealth management app and expand customer base.
- Seed Round (Follow-on)
- Amount Raised: $1.1 million
- Date: October 2016
- Lead Investors: Saama Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in technology and grow the platform's user base.
- Series B
- Amount Raised: $3.8 million
- Date: November 2017
- Lead Investors: Quona Capital (via Accion Frontier Inclusion Fund)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To add new financial products, improve technology, and expand the team.
- Corporate Round
- Amount Raised: $11 million
- Date: October 2019
- Lead Investors: PayU
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enhance technological capabilities.
- Series B (Extension)
- Amount Raised: $7 million
- Date: December 2020
- Lead Investors: PayU
- Valuation at Round: ~$55 million
- Motivation Behind the Round: To scale operations and increase market penetration.
- Series C
- Amount Raised: $14 million
- Date: June 2022
- Lead Investors: PayU
- Valuation at Round: ~$145–150 million
- Motivation Behind the Round: To expand partnerships and enhance product offerings.
- Series C (Extension)
- Amount Raised: ~$5 million
- Date: January 2024
- Lead Investors: PayU
- Valuation at Round: ~$102 million (down-round)
- Motivation Behind the Round: Working capital and continued platform development.
- Corporate Round
- Amount Raised: ~$11.7 million (INR 104.4 crore via rights issue)
- Date: November 2025
- Lead Investors: Groww (post-acquisition parent company)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To facilitate payouts and working capital requirements following Groww's acquisition of Fisdom in October 2025.
Total Amount Raised: at least $54.1 million based on disclosed funding.
Current Valuation: ~$150 million (based on Groww's acquisition price, October 2025).
Key Investors
- Groww
- Details: Groww is a leading investment platform in India, offering a range of financial products including mutual funds, stocks, and digital gold. It acquired Fisdom in October 2025 for approximately $150 million in an all-cash deal and subsequently injected an additional INR 104.4 crore (~$11.7 million) via a rights issue.
- Investment Focus Areas: Financial services, investment platforms, fintech.
- Notable Investments: Fisdom.
- Quona Capital
- Details: Quona Capital is a venture capital firm that invests in fintech companies focused on financial inclusion in emerging markets. They aim to support startups that provide financial services to underserved populations.
- Investment Focus Areas: Financial technology, emerging markets, underserved customers and small businesses.
- Notable Investments: Fisdom, ZestMoney, Konfio.
- PayU
- Details: PayU is a global fintech company that provides payment technology to online merchants. It is part of Naspers, a global consumer internet group and one of the largest technology investors in the world. PayU led multiple rounds in Fisdom from 2019 through 2024.
- Investment Focus Areas: Payment technology, fintech solutions, online merchant services.
- Notable Investments: Fisdom, Citrus Pay, Kreditech.
- Saama Capital
- Details: Saama Capital is an India-focused venture capital firm that invests in early to growth-stage companies. They participated in Fisdom's funding rounds from the earliest stages.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Fisdom, Snapdeal, Sula Vineyards.
- Rajeev Chitrabhanu (MAGNETIC)
- Details: Rajeev Chitrabhanu is an angel investor and the founder of MAGNETIC, a venture capital firm. He has a background in financial services and has been involved in various startups.
- Investment Focus Areas: Fintech, technology, startups.
- Notable Investments: Fisdom, Nazara Technologies, PayMate.
What's Next for Fisdom?
Fisdom stands at the cusp of significant growth opportunities. With the fintech market in India rapidly expanding, the company is well-positioned to leverage its partnerships with banks and financial institutions. The potential for collaborations with other fintech platforms and the increasing adoption of digital financial services present a vast landscape for Fisdom to explore.
Future fundraising appears promising, given the successful Series C round. Fisdom may seek additional funding to scale operations, diversify its product offerings, and enter new markets. Strategic investments or partnerships with global fintech players could further bolster its growth trajectory.
However, challenges such as intense competition, regulatory changes, and the need to ensure data security and user trust remain. Navigating these hurdles will be crucial for Fisdom as it continues to innovate and expand in the dynamic fintech landscape.
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