Groww Hits a Growth Spurt: Triples Profits, Bags $200M Before IPO Bloom

Fintech unicorn Groww is charging ahead with its IPO plans after raising $200 million in a fresh funding round led by GIC (Singapore) and ICONIQ Capital, valuing the company at $7 billion. The Bengaluru-based investment platform also reported a threefold jump in net profit for FY25, signaling strong investor confidence.

 

Key Highlights:

•⁠  ⁠Funding Details: Groww issued 3.59 crore preference shares at ₹482.8 each, raising ₹1,735 crore (~$200M).

 

•⁠  ⁠Profit Surge: Net profit soared to ₹1,819 crore, up from a loss of ₹805 crore in FY24, driven by operational efficiency and market expansion.

 

•⁠  ⁠Revenue Growth: FY25 revenue rose 31% YoY to ₹4,056 crore.

 

•⁠  ⁠IPO Plans: The company has filed a confidential DRHP with SEBI, targeting a $700M–$1B IPO.

 

•⁠  ⁠Market Share: Groww now commands a 26% share of India’s retail broking market, with 1.29 crore active clients.

 

•⁠  ⁠Strategic Moves: Recent acquisition of Fisdom for $150M marks its entry into wealth advisory services.

 

Outlook:

With profitability restored and a robust user base, Groww is well-positioned for a successful IPO. The fresh capital will fuel product innovation, tech upgrades, and Tier 2–3 market expansion. Investors are watching closely as Groww aims to redefine India’s digital investing landscape.

 

Source: The Hindu BusinessLine