India’s leading fintech platform Groww has reported a threefold jump in net profit for FY25, reaching ₹1,819 crore, while securing a $200 million funding round at a $7 billion valuation.
🔴 Key Highlights:
- Revenue surged 31% to ₹4,056 crore, reflecting strong growth in stock broking and wealth management services.
- Singapore’s sovereign wealth fund GIC led the funding round, with participation from Iconiq Capital.
- Groww confidentially filed IPO papers with SEBI, aiming to raise $700 million–$1 billion in its upcoming public listing.
- The company’s valuation has more than doubled since 2021, when it was last valued at $3 billion.
- Recent acquisition of PayU-backed fintech platform Fisdom marks Groww’s entry into wealth advisory services.
📢 Groww’s Statement:
“Our strong financial performance and strategic expansion reinforce our commitment to democratizing investing in India.”
⚠️ Strategic Impact:
- Groww has overtaken Zerodha as India’s largest stockbroker, boasting 13 million active traders.
- The funding round strengthens Groww’s position ahead of its IPO, making it one of India’s most profitable fintech firms.
👉 What do you think? Will Groww’s IPO be India’s biggest fintech listing? Drop your thoughts in the comments!
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