
CosmicTaco
Groww's IPO Set to Make Splashy Entrance
- Groww is gearing up to raise between $800 Million to $1 Billion via its IPO, possibly valuing it between $7 to $8 Billion.
- This follows its recent $200 Million Series F round, which already valued the fintech startup at $7 Billion.
- Financials look robust, with a tripling of net profit to INR 1,818 Crore in FY25 and operating revenue up by 29% to INR 4,056 Crore.
- The company holds a substantial 26% of the Indian investment tech market share and aims to expand with new platforms and acquisitions.
- Groww follows PhysicsWallah as the second new-age tech company to get SEBI’s nod for an IPO this year, joining a wave of other hopefuls despite challenging market conditions.
Source: Inc42
3mo ago
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