Indian investment firm Groww targets $7b valuation in IPO
- ByStartupStory | October 30, 2025
Indian fintech platform Groww is preparing for a major initial public offering (IPO) set to launch in early November 2025, targeting a valuation between $7 billion and $8 billion (approximately ₹61,000 to ₹70,000 crore). The IPO is expected to raise between ₹6,000 and ₹7,000 crore ($750-$875 million), including a fresh issue of ₹1,060 crore and an offer-for-sale component from existing investors.
Founded in 2016 by former Flipkart employees Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, Groww has emerged as one of India’s leading digital wealth management platforms. The company provides a comprehensive suite of financial products, including stockbroking, mutual funds, commodities trading, loans, and wealth advisory services, all accessed through its user-friendly mobile app.
Groww has gained significant market share with over 14 million active customers as of mid-2025, surpassing competitors such as Zerodha and Angel One in active client base. The platform boasts strong customer retention metrics and an 80% organic acquisition rate, highlighted by its integration of advanced technology like Groww Cloud, an algo trading tool compliant with recent regulatory changes.
Despite recent challenges faced by the brokerage industry, including regulatory clampdowns and reduced profitability from futures and options trading segments, Groww has continued to expand its revenue and profits. For FY25, Groww reported a net profit of Rs 1,819 crore with a 49% revenue growth year-on-year, further solidifying investor confidence ahead of the IPO.
Prominent investors including Tiger Global, Peak XV Partners, Y Combinator, Ribbit Capital, and Microsoft CEO Satya Nadella will participate in the offer-for-sale portion, with founders and early stakeholders retaining significant equity stakes post-listing.
The proceeds from the fresh capital raised will be primarily used to enhance Groww’s technology infrastructure, broaden its lending and insurance offerings, and support acquisitions, positioning the company for sustained growth in India’s rapidly evolving retail investment landscape.
With the IPO opening for subscription between November 4 and 7, 2025, Groww’s listing is anticipated to be one of the largest and most closely watched public offerings in India’s fintech sector this year, reflecting growing investor interest in digital wealth platforms fueled by rising financial literacy and digital adoption across the country.
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