NSE Listed-stock broking firm AngelOne on November 2nd announced that the firm is acquiring Bengaluru-based fintech startup DStreet Finance for an undisclosed amount mainly to focus on content generation and education among GenZ and younger traders and investors.
DStreet has done multiple things specifically for the GenZ customers and their needs by the way they engage with capital markets like tools, content and learning about the market. We feel these synergies will be great for AngelOne,” Said Prateek Mehta, Chief Business Officer at Angel One in an interaction with Moneycontrol.
Mehta clarified that it is a team acquisition and the assets and shares have not been acquired by Angel One.
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 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.
