Credit Card bill payment leader CRED on Tuesday announced the acquisition of the online wealth management platform Kuvera in an effort to take on the likes of Zerodha and Groww.However, the total acquisition cost has not been disclosed by the startup.”Together with CRED we see an exciting opportunity to fast-track building new products and features for our community while also bringing a trusted wealth management solution to millions more,” Gaurav Rastogi, Founder, Kuvera, said in a statement.TRENDING NOWP&G Health Q2 results: PAT dips 6% to Rs 72 crore; Announced interim dividend of Rs 200 per shareRailway Stock to Buy: Up nearly 5x in 1 year, this railway stock has analysts bullish for long termRBI imposes Rs 8.8 lakh penalty on Power Finance Corporation for non-complianceOnePlus launches OnePlus 12R and OnePlus Buds 3: Check variants, price, launch offers and bank discount detailsSFIO moves NCLT to freeze assets of IL&FS Financial auditorsKunal Shah’s CRED acquires wealth management platform KuveraJupiter Wagons Q3 results: Net profit up 82% to Rs 81 croreBiocon, Nykaa, P&G Health, Lupin: Stocks to watch on WednesdayBritannia Q3 results: Consolidated net profit falls 40% to Rs 555.66 crorePM Modi inaugurates second edition of the India Energy Week; IOC, BPCL, Petronet, ONGC shares jumpNexus Select Trust Q3 results: Company posts Rs 107 crore profit in this quarter; to distribute Rs 303 crore to unitholdersMutual Fund NFO: Bajaj Finserv Large and Mid Cap Fund starts subscription; know, minimum investment, risk, close date and other detailsAzad Engineering Q3 results: Profit rises to Rs 16.8 croreMultibagger stock Varun Beverages climbs nearly 4% after strong Q3 results; CLSA sees 23% upsideHomegrown tech company Cellecor Gadgets plans expansion – DetailsThe reports to acquire Kuvera initially surfaced last year in October.As per the company, post-acquisition, Kuvera founders, team and product will continue to operate independently while working closely with CRED leadership to scale its network, ecosystem, brand and distribution.Kuvera customers’ account, portfolio and all ongoing investments will continue seamlessly even as they stand to benefit from the combined expertise, synergies and resources of Kuvera and CRED.”Kuvera is extremely popular among financially savvy Indians; their products and vision are aligned with CRED’s principle of investing for long-term value creation rather than short-term entertainment,” said Kunal Shah, Founder, CRED.With this agreement on terms, the transaction — a mix of cash and stock — will proceed towards closure, the company said.Kuvera is a top-five direct mutual fund platform with a three lakh+ user community tracking more than Rs 50,000 crore in assets.