India, March 13 -- Investment tech unicorn Groww is reportedly in talks to acquire wealthtech startup Fisdom as part of its plans to enter the wealth management space to expand its offerings.

Fisdom is likely to be valued at $140 Mn to $160 Mn, ET reported, citing sources. However, the discussions are at an initial stage and Groww is also in talks with other online wealthtech startups and offline companies for acquisition.

"Fisdom has been in the market for raising a financing round and is evaluating a few term sheets. But now there is a strategic interest from Groww which is also being considered," a source was quoted as saying in the report.

Besides, Fisdom's early investors, including PayU, are also looking to sell some shares in th...