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IPO-Bound Groww Reports 3X Surge in FY25 Profit, Raises $200M at $7B Valuation

• ByStartupStory     |    June 13, 2025

Bengaluru-based investment platform Groww has posted a nearly threefold increase in net profit to Rs 1,819 crore for FY25, backed by strong operating performance and product diversification. Revenue for the same period rose 31% YoY to Rs 4,056 crore, according to a recent ROC filing.

Alongside its robust financials, Groww also closed a $200 million Series F funding round at a $7 billion valuation, with participation from new investor GIC (Singapore) and existing backer ICONIQ Capital. This marks a sharp jump from its previous $3 billion valuation in 2021.

Groww confidentially filed its IPO papers with SEBI last month and is eyeing a public issue worth $700 million to $1 billion.

Founded in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, the Tiger Global-backed company has cemented its position as India’s largest stockbroking platform by active clients, with a 26.32% market share.

The company has also made strategic inroads into digital lending, wealth advisory, and mutual fund management — acquiring Fisdom for $150M in cash and Indiabulls AMC in 2023.

Groww’s financial turnaround comes after reporting a net loss of Rs 805 crore in FY24, largely due to a one-time tax payment of Rs 1,340 crore related to its re-domiciling to India.

With an IPO on the horizon and a strong upward financial trajectory, Groww is shaping up to be one of the most anticipated listings in India’s fintech sector

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