Groww's $1 Billion IPO: A Mega Launch

• Groww, a leading Indian stockbroking company, is planning an IPO with a target valuation between $6-8 billion. They aim to list within 10-12 months.
• The company has raised nearly $400 million and was last valued at $3 billion in Octo...

Good morning! Too much has happened in the last 24 hours, we’re going double the size of our 5 news a day quota - here we go:

𝐈𝐧𝐝𝐢𝐚 𝐓𝐞𝐜𝐡 🇮🇳

𝟏. 𝐆𝐫𝐨𝐰𝐰’𝐬 𝐀𝐜𝐭𝐢𝐯𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐁𝐚𝐬𝐞 𝐂𝐥𝐢𝐦𝐛𝐬 𝐎𝐯𝐞𝐫 �...

• Groww reported a 119% growth in revenue, reaching INR 3,145 Cr in FY24.
• The fintech maintained its operational profitability of INR 535 Cr for FY24.
• Groww paid around INR 1,340 Cr as one-time tax for shifting it...

• Bengaluru-based stock broker Groww has reached 12.59 million active traders in October, surpassing its closest competitor Zerodha.
• Groww has nearly doubled its user base over the past year, while Zerodha added only 15 lakh new user...