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Angel One acquires the team of FinTech startup Dstreet

By Gloria Mathias

November 03, 2023

  • Acquisition
  • Acquisiton news
  • Angel One
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Angel One, App Launch, Superapp, Digital Payments, Digital Investments, Investments, Investors, wealth management, India, Mumbai, Dstreet Finance, Bengaluru, FinTech, Broking Platform Angel One, India’s FinTech broking platform, takes a decisive step towards Gen Z engagement through the team acquisition of the Bengaluru-based FinTech startup, Dstreet Finance.

By investing in products, technology, and talent through inorganic acquisitions and partnerships, Angel One aims to strengthen its position in the market and enhance its product offerings for the younger generation. The team at Dstreet Finance has joined Angel One to spearhead content, user engagement, and learning-related initiatives.

This move comes following Angel One’s recent in-principal approval from the Securities and Exchange Board of India (Sebi) to sponsor a mutual fund, a significant development for Angel One and its clients alike.

Angel One will be expanding its customer solutions into asset management (AMC), wealth management, insurance, and lending products. With an emphasis on consumer credit products, it aims to provide a complete financial solution for clients, reinforcing its goal to be the go-to financial platform for all.

Dinesh Thakkar, Chairman & Managing Director, Angel One Limited, stated, “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.”

Prateek Mehta, Chief Business Officer at Angel One, shared, “The Dstreet team brings a proven track record in crafting highly engaging content experiences for digital-native audiences, which perfectly aligns with our mission of delivering a distinct and superior product experience for the GenZ user. We’re eager to explore the possibilities this collaboration holds for us.”

Founded by Suresh Bavisetti and Paarth Dhar, Dstreet Finance, headquartered in Bengaluru, specialises in content and engaging learning experiences tailored for emerging stock market investors. Dstreet Finance had previously garnered investments from ICICI Securities, Expert Dojo, Archana Priyadarshini, and Mumbai Angels.

The Founders of Dstreet Finance conveyed, “Our mission remains unchanged; fostering engagement and learning experiences for newcomers in the world of stock market investments. We’re grateful for the trust Dinesh and Prateek have placed in us and are excited to join the team at Angel One.”

 

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