Groww, India’s largest stock broking platform, is reportedly in early discussions to acquire wealthtech startup Fisdom, which is backed by PayU, said three people in the know.

The potential deal could value Fisdom at US$140 million-US$160 million.

In addition to Fisdom, Groww is exploring acquisitions of other online and offline wealthtech firms.

Meanwhile, Bengaluru-based Fisdom has been seeking new funding from private equity firms and evaluating financing term sheets but is now considering Groww’s interest.

Neither Groww nor Fisdom has responded to inquiries about these discussions.

Recent Groww developments