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Groww, India’s biggest trading app, prepares for IPO
Groww, India's largest retail stockbroker, is positioning itself to file for an IPO in 10-12 months and is seeking a valuation between $6 billion to $8 Groww, India's largest retail stockbroker, is preparing for an initial public offering and seeking a valuation of up to $8 billion.
Groww, which counts Peak XV, Tiger Global and Alkeon among its backers, has begun talks with investment banks and will soon choose advisers for the IPO, the sources said. The startup, which also enables customers to invest in mutual funds and make UPI transactions, shifted its domicile to India from the U.S. last year as part of its IPO preparations. More than 20 Indian startups are planning IPOs in 2025, including business-to-business marketplace Zetwerk, managed workspace provider Table Space, Prosus-owned PayU and pharmaceutical platform PharmEasy, TechCrunch previously reported.
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