Groww completed the acquisition of the mutual fund business from Indiabulls.

Groww, a fintech unicorn, completed the acquisition of the mutual fund business from Indiabulls, a consumer banking company, for $21m. “We have pursuant to the intimations dated May 11, 2021, and September 10, 2021, informed the exchanges about the divestment by the Company of its entire stake in mutual fund business, being carried out by Indiabulls Asset Management Company Limited and Indiabulls Trustee Company, trustee of IAMCL, to Nextbillion Technology Private, part of the Groww group,” Groww.