FinX, a skilling startup focused on financial services, has acquired the training division of the Bombay Stock Exchange (BSE Institute) in a 100% stake deal valued at ₹16.9 crore (approximately $2 million) in cash. The acquisition will support FinX’s expansion into high-demand technology domains such as cybersecurity, artificial intelligence, data science, and IT.
FinX CEO and cofounder Himanshu Vyapak stated that the move will strengthen FinX’s ability to offer a broad range of programs tailored to the evolving needs of both the financial services and tech industries. Leveraging BSE Institute’s training infrastructure in Mumbai, Delhi, and Kolkata, FinX plans to scale its physical training capabilities.
Founded in 2019 by Vyapak and Upasana Koul, FinX offers certification programs and workshops aimed at preparing students for careers in the banking, financial services, and insurance (BFSI) sectors. It has already partnered with over 400 educational institutions across India and claims to offer placement support for its trainees.
This marks FinX’s second acquisition, following its 2019 purchase of the Centre for Investment Education and Learning (CIEL). The latest acquisition comes shortly after the company raised $6 million in seed funding from Elevar Equity in December 2024, earmarked for strategic growth initiatives in the BFSI and tech skilling sectors.
The deal aligns with India’s broader upskilling push, as the government intensifies efforts to bridge the education-employment gap. Initiatives like the Skill India Programme and PMKVY 4.0 aim to train millions of youth in emerging tech areas like AI. So far, nearly 20,000 individuals have undergone AI training through these programs.
FinX joins a growing list of startups riding the upskilling wave, including Emversity, which recently secured $5 million to deliver healthcare-focused certification and degree programs.
