NEW DELHI: As it looks to widen its focus on the Gen Z segment, stock broking platform Angel One has acquired Bengaluru-based fintech startup Dstreet Finance. The team at Dstreet Finance has joined Angel One to spearhead content, user engagement and learning related initiatives.
“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,” Dinesh Thakkar, chairman and managing director at Angel One said in a statement on Thursday.
This is Angel One’s first ever acquisition of a tech startup team. By investing in products, technology and talent through inorganic acquisitions and partnerships, the firm aims to strengthen its position in the market and enhance its product offerings for the younger generation.
Founded by Suresh Bavisetti and Paarth Dhar, Dstreet Finance has expertise in developing content tailored for emerging stock market investors. The startup has been backed by investors including ICICI Securities, and Mumbai Angels.
This move will enable Angel One to expand its suite of consumer financial services. “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,” added Prateek Mehta, chief business officer at Angel One.