Shardul Amarchand Mangaldas & Co. advises Groww on its USD 150 million acquisition of Fisdom

November 17, 2025

Shardul Amarchand Mangaldas & Co. (SAM) advised Billionbrains Garage Ventures Limited (“Groww”) on its USD 150 million acquisition of 100% of the issued and paid-up share capital of Finwizard Technology Private Limited (“Fisdom”) from its existing shareholders.

The deal also incorporates a post-closing rights issue to fund ESOP settlements, ensuring a clean exit for legacy shareholders.

The Transaction Team was led by Raghubir Menon, Regional Practice Head – M&A, PE; Ekta Gupta, Partner; Shiladitya Banerjee, Partner; Tarumoy Chaudhari, Principal Associate; Rooha Khurshid, Principal Associate; Devangana Mandal, Senior Associate; Ketayun Mistry, Associate; Rhea Reddy, Associate.

The Due Diligence was undertaken by Shiladitya Banerjee, Partner; Tarumoy Chaudhari, Principal Associate; Ketayun Mistry, Associate; Rhea Reddy, Associate. Rohan Arora, Partner and Aman Singh Sethi, Partner advised on competition law related aspects of the deal.