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Groww, backed by Satya Nadella, set to become first Indian startup to go public after U.S.-to-India move
Groww's listing — expected later this year — is set to double as a major cash-out moment for global venture funds.
The three investment firms are offloading about 236 million shares — roughly 5.6% of Groww’s total equity base — per the draft IPO documents filed on Tuesday. Relocating their base back home helps startups align with evolving local regulations and meet requirements for domestic stock listings. While U.S. investors plan to offload a large chunk of their holdings in Groww, founders Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal together are selling only about 4 million shares — only 0.7% of the total offer for sale, per the draft prospectus.
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