Indian investment platform Groww raised ₹2,984.5 crore (≈US$336.7 million) from 102 anchor investors ahead of its IPO, The Economic Times reported. It issued 29.84 crore shares at ₹100 (≈US$1.13) each.
About half the allocation went to domestic mutual funds through 17 fund houses, while global investors such as the Government of Singapore, Norway’s GPFG, ADIA, Goldman Sachs, Wellington, and Amundi also participated.
Microsoft CEO Satya Nadella is among Groww’s notable backers, having invested in a personal capacity in 2022.
The ₹6,632.3 crore (≈US$748.7 million) IPO includes a ₹1,060 crore (≈US$119.7 million) fresh issue and a ₹5,572.3 crore (≈US$629 million) offer for sale by Peak XV Partners, Y Combinator, and Ribbit Capital.
Shares are priced at ₹95–₹100 (≈US$1.07–US$1.13). The offer opened 4 November, with allotment on 10 November and listing expected 12 November 2025.
Proceeds will fund marketing, cloud upgrades, brand initiatives, and capitalisation of subsidiaries Groww Creditserv Technology and Groww Invest Tech for margin-trading expansion.
Founded in 2016 by former Flipkart executives Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, Groww has over 18 million users.
It has expanded from a mutual-fund app into a full investment platform covering equities, derivatives, mutual funds, and fixed income.
In FY2025, Groww reported ₹1,819 crore (≈US$205 million) profit on ₹4,056 crore (≈US$458 million) revenue and targets a valuation near US$7 billion.
Featured image: Edited by Fintech News Singapore, based on image by Groww
