Mumbai-based DSP Group has acquired Volt Money, a fintech platform that offers instant secured loans against mutual funds. This is a significant move by DSP into the digital lending space as part of its broader fintech play.
DSP-Volt Money Acquisition Details
Some reports suggest that there was a long discussion for several months before the deal was finalized. After the acquisition, Volt Money’s team, including its founders Lalit Bihani, Ankit Agarwal and Bharat Lamba will join DSP.
Volt Money works with lenders and distribution partners to offer instant secured loans ranging from INR 25,000 to INR 1 crore with interest rates starting from 9%. The platform is known for its flexible repayment options and aims to simplify credit access for mutual fund investors.
Funding History and Acquisition Context
Volt Money raised USD 1.5 million (~INR 13.08 crore) in a seed funding round led by Titan Capital and All In Capital. The round also saw participation from several prominent angel investors, including Praveen Jadhav (Raise Ventures), Aditi Kothari (DSP Adiko Holdings), Gemba Capital, Kunal Shah (Cred) and senior executives from Nuvama Wealth. However, the startup struggled to raise follow-on funding and that’s why it was acquired.
While the deal may not have returned much for investors, it’s a stable outcome for Volt Money’s founders. Sources said DSP Group, being a shareholder in Volt Money, had insight into the company’s financials and proposed the acquisition as a strategic move to strengthen its fintech play.
Impact of Acquisition
This acquisition highlights the growing demand for loans against mutual funds as such credit solutions help investors meet both short-term liquidity needs and long-term financial goals. This will further enhance DSP’s offerings in the financial services space by leveraging Volt Money’s technology and expertise to streamline digital lending.
Volt Money competes with other players in the loans-against-mutual-funds space, including Quicklends and DhanLap. Notably, fintech unicorn BharatPe entered this space last year by partnering with Volt Money; the interest in digital lending is growing.
DSP’s Growing Footprint in Fintech
DSP Mutual Fund is targeting to strengthen its digital wealth management capabilities through this acquisition. DSP’s digital offerings will be enhanced by integrating Volt Money’s innovative financial solutions. This will also enable investment and financial planning to be more accessible to investors.
India’s fintech market is projected to surpass a USD 2.1 trillion opportunity by 2030. Recent trends showed that this sector has witnessed increased mergers and acquisitions. Since 2014, more than 212 fintech merger & acquisition deals have taken place. Industry experts are predicting a 58% rise in such transactions in 2025.
Future Prospects
Going forward, this deal puts DSP in good stead in the fintech space. Volt Money’s lending capabilities will help DSP develop new products for retail and institutional investors. As digital investments pick up, DSP acquiring Volt Money shows it’s ready to adapt to the market and strengthen its play in India’s financial services space.
With DSP expanding its digital footprint, the fintech ecosystem is set to witness further consolidation, paving the way for innovation-driven financial solutions. The deal highlights the increasing convergence of asset management and fintech, setting a precedent for similar acquisitions in the near future.
For more details related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://ipocentral.in/dsp-mutual-fund-acquires-fintech-startup-volt-money/
