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Wealth management app Fisdom raises Rs 7 crore from Saama Capital

The six-month old start-up currently facilitates investments into various types of mutual funds

Anita Babu  |  Bengaluru 

Bengaluru-based wealth management app Fisdom has raised Rs 7.33 crore ($1.1 million) from Saama Capital. The company will use these funds to further invest in technology, team expansion and customer acquisition, a press release stated. Fisdom was founded by Subramanya SV, a former partner at Bessemer Venture Partners, Ramganesh Iyer, who co-founded a wealth management company that was bought by Karvy in 2009, and Anand Dalmia, a veteran investment banker. In December 2015, the company had raised a round of seed funding from angel investors including Rob Chandra (Forbes Midas ...

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First Published: Wed, October 19 2016. 18:40 IST
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