Angel One Acquires Learning App Dstreet Finances Team To Woo Youngsters
Summary
This development closely follows Angel One’s recent in-principle approval from the Securities and Exchange Board of India (SEBI) to sponsor a mutual fund. The Dstreet team is well-equipped to create engagement solutions, content, and community offerings for these younger audiences,” Prateek Mehta, chief business officer of Angel One, told Inc42. Mehta explained that their transition to a fully tech-driven company had resulted in substantial growth within their user base, with a particular emphasis on the under-25 demographic and residents of tier-II and III cities. In line with their aspirations, they were in the process of investigating opportunities in various areas, including manufacturing and distribution platforms, wealth management solutions, content engagement, and learning. Founded by Suresh Bavisetti and Paarth Dhar, Bengaluru-headquartered Dstreet Finance specialises in content and creating engaging learning experiences tailored for emerging stock market investors.