Simply find the best possible online shopping Dstreet deals
Shop Dstreet products and compare prices and listings on popular online marketplaces.
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…
Mumbai-based stock broking firm Angel One has acquired fintech startup Dstreet Finance for an undisclosed amount, as the company seeks to focus on inorganic growth to enhance its product offerings and bolster distribution.
The deal, announced by Angel One on Wednesday, marks the first-ever tech acquisition for the 27-year-old brokerage firm which has been focusing on building in-house capabilities.
The development comes as the brokerage firm is looking to double down on its ‘fintech superapp’ play, and introduce more services, such as insurance and lending, on its platform amid competition from rival broking firms Zerodha and Groww.
As a part of the deal, the founders of Bengaluru-based Dstreet Finance--Suresh Bavisetti and Paarth Dhar--will join Angel One to spearhead its content, user engagement and learning-related initiatives. They will also look at launching fresh assets under the Angel One brand.
Dstreet’s 12-member team will also join Angel One.
Dstreet, founded in 2021, was a gamification-led educational learning platform for those new to the stock market, and gained a customer base of 1 million users.
“The customers who are participating in equity and capital markets have gotten much younger (who are keen to learn),” said Prateek Mehta, chief business officer of Angel…
Online stock broking platform Angel One has absorbed the team of Bengaluru-based learning app Dstreet Finance, its first acquisition of a tech start-up team.
This is to build an engagement platform and enhance its product offerings for the younger generation. The firm did not disclose the investment but said that it would absorb all the 12 members of DStreet.
“DStreet as a platform is focused on Gen Z users, helping them understand and learn about capital markets with engagement tools and content. We feel these synergies will be great for AngelOne,” said Prateek Mehta, Chief Business Officer at Angel One in an interaction with businessline.
Founded by Suresh Bavisetti and Paarth Dhar, Dstreet Finance specialises in content and engaging learning experiences tailored for emerging stock market investors.
Since its establishment in April 2021, the platform successfully onboarded and served over one million users. Dstreet Finance had previously garnered investments from notable backers including ICICI Securities, Expert Dojo, Archana Priyadarshini, and Mumbai Angels.
He said that Angel One is also looking at the inorganic expansion route and will look out for more interesting start-ups to collaborate with.
“We are looking at organic synergies in various spaces. We need to see…