Do you know Angel One acquires DStreet finance to expand among youngsters? Yes, Recently, Angel One has announced its acquisition of DStreet Finance, a Bengaluru-based fintech startup. This strategic move is a testament to Angel One’s commitment to expanding its suite of consumer financial services and enhancing its offerings to cater to the needs of the next-generation clientele.
DStreet Finance Acquisition: Angel One Acquires DStreet Finance
The acquisition of DStreet Finance is a significant milestone for Angel One as it marks the company’s first-ever acquisition of a tech startup. The DStreet team, known for their expertise in content creation and engaging learning experiences tailored for emerging stock market investors, will now be at the forefront of content, user engagement, and learning-related initiatives at Angel One.
This collaboration is expected to bring forth a unique and superior product experience for the GenZ user, a demographic that is increasingly showing interest in stock market investments.
Angel One’s Growth and Expansion
Angel One has been on a growth trajectory, solidifying its position as India’s largest listed retail stockbroking business in terms of NSE active clients. The company reported a net profit of Rs 8.9 billion for the financial year 2023 and claims to be serving over 17 million clients today. In a significant development, Angel One recently received in-principle approval from the Securities and Exchange Board of India (SEBI) to sponsor a mutual fund.
This move is expected to further bolster Angel One’s offerings and provide its clients with a diverse range of investment options. In addition to mutual funds and Systematic Investment Plans (SIPs), Angel One is also venturing into asset management, wealth management, insurance, and lending products, with a particular focus on consumer credit products.
DStreet Finance’s Journey So Far
DStreet Finance, founded by Suresh Bavisetti and Paarth Dhar in April 2021, has carved a niche for itself in the fintech space by offering content and engaging learning experiences tailored for emerging stock market investors.
The platform has successfully served over one million users and has attracted investments from notable backers, including ICICI Securities, Expert Dojo, Archana Priyadarshini, and Mumbai Angels. The expertise and innovative approach of the DStreet team will be instrumental in driving Angel One’s content and user engagement initiatives, ultimately enhancing the overall product experience for the GenZ user.
Note: We have already explained AngelOne business model in detail. You can look into it for more details.
The acquisition of DStreet Finance by Angel One is a strategic move that aligns with Angel One’s vision of evolving into a comprehensive fintech company. This collaboration is expected to significantly enhance Angel One’s offerings for the next-generation clients and pave the way for the company to expand its suite of consumer financial services. That’s why Angel One acquires DStreet Finance.