In one of the most eagerly awaited initial public offerings (IPOs) of the year, India’s investment platform Groww, operated by Billionbrains Garage Ventures Ltd, has raised a whopping Rs 2,984.5 crore from anchor investors ahead of its public debut. The announcement has sent ripples across the Indian financial ecosystem, prompting investors to scrutinize whether Groww is poised to become the…
India’s retail investing revolution has a new king—and it’s not who you might think. Groww, the Bengaluru-based fintech unicorn, is storming past competitors, capturing 26.3% of the country’s active retail traders, and it’s showing no signs of slowing down. As the company heads toward its highly anticipated IPO, here’s why investors and traders can’t stop talking about it.
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Groww Levels Up: From Trading Platform to Wealth Management Powerhouse
India’s fastest-growing investment platform, Groww, has completed the acquisition of Bengaluru-based wealth-tech startup Fisdom, marking one of the most significant consolidation moves in the country’s fintech ecosystem this year.
The deal, reportedly worth around $150 million in cash, received the green light from the…
India’s biggest stockbroker by active investors, Groww, is ready to shake up the trading world again—this time with the launch of its brand-new pro-level trading terminal, “915.” Designed specifically for high-frequency and professional traders, 915 is set to go live later this month and promises to deliver tools and speed that could rival the best in the game.
And this isn’t just…
Introduction: Indian Stock Trading Sees Explosive Growth
In December 2024, the Indian stockbroking industry saw massive growth, with Groww leading the way. The digital-first platform reached an impressive 13.16 million active users, marking a major milestone. In this article, we’ll break down how Groww is making waves, where Zerodha stands, and why more Indians are jumping into the stock…
In a bold move highlighting the shifting landscape of the startup ecosystem, Indian stock trading and mutual fund platform Groww has paid a staggering $159.4 million in taxes as it transitions its headquarters back to India from the U.S. This significant tax event marks a pivotal moment not just for Groww but for a growing wave of Indian startups making a similar leap.
Why Are Startups Coming…
Bengaluru-based Groww, now the largest stock broking firm in India by active investors, has just reported an impressive financial performance for the fiscal year ending March 2024. The company’s revenue more than doubled to ₹2,900 crore, up from ₹1,295 crore in the previous year. Its net profit also saw a significant leap, soaring to ₹298 crore from just ₹73 crore in FY23.
This growth…
Tiger Global has driven another round of $15.7 million in big business centered gathering protection stage Plum Insurance. The 15-month-old startup has raised more than $20 million to date.
Plum has supported the assignment of 37,970 Series An inclination shares at an issue cost of Rs 29,976.83 per offer to raise Rs 113.82 crore or $15.7 million, administrative filings show.
On April 3, Entrackr…
