New Delhi, May 16 -- Online stock trading platform Groww has signed a definitive agreement to acquire wealth-tech startup Fisdom in an all-cash deal for around $150 million, according to two people with knowledge of the development.

The deal, currently subject to regulatory approval, will mark Groww's entry into the wealth management segment.

The top leaders of Fisdom will stay on to scale the wealth management segment internally, the people quoted earlier said on the condition of anonymity.

Groww and Fisdom declined to comment on Mint's queries.

The deal comes a day after Mint reported that Groww will file a confidential draft red herring prospectus within the next two weeks.

Founded in 2015 by Anand Dalmia and Subramanya S.V., Fisd...