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NEW DELHI: As it looks to widen its focus on the Gen Z segment, stock broking platform Angel One has acquired the team of Bengaluru-based fintech startup Dstreet Finance. The firm’s team has joined Angel One to spearhead content, user engagement and learning related initiatives. “The integration of the Dstreet team is a strategic move towards enhancing our offerings for the next-generation clients and aligns with our vision of evolving into a comprehensive fintech company,” Dinesh Thakkar, chairman and managing director at Angel One said in a statement on Thursday.
This is Angel One’s first ever acquisition of a tech startup team. By investing in products, technology and talent through inorganic acquisitions and partnerships, the firm aims to strengthen its position in the market and enhance its product offerings for the younger generation.
The assets, customer base, brand or shares of the startup have not been acquired by Angel One, the company said.
Founded by Suresh Bavisetti and Paarth Dhar, Dstreet Finance has expertise in developing content tailored for emerging stock market investors. The startup has been backed by investors including ICICI Securities, and Mumbai Angels.
This move will enable Angel One to expand its suite of consumer financial services…
DSTREET WEALTH CONSULTING PRIVATE LIMITED is a Private Limited Company, governed by the Companies Act as a company limited by shares. Classified as a Non-government company, it is registered under the Registrar of Companies RoC-Delhi. According to the Ministry of Corporate Affairs (MCA), this company was incorporated on 20-04-2017. Its Corporate Identification Number (CIN) is U74999HR2017PTC068670, and it carries the registration number 068670. Currently, its eFiling status is listed as “Strike Off”.
From a financial standpoint, DSTREET WEALTH CONSULTING PRIVATE LIMITED has an authorised share capital of ₹10,00,000 and paid-up capital of ₹1,00,000. While the date of the last Annual General Meeting (AGM) and the details about its last filed balance sheet are unavailable, these figures highlight the basic financial structure of the business.
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