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Groww Prepares for $6-8 Billion IPO

  • Groww, India's top retail stockbroker, is gearing up for an IPO within a year, targeting a $6-8 billion valuation, double its previous $3 billion valuation.
  • The Bengaluru-based firm's IPO will be India's first digital trading platform listing, backed by investors like Peak XV, Tiger Global, and Alkeon.
  • Groww leads India's retail investing market with 13.2M active users, adding 325K-550K new users monthly, outpacing competitors like Zerodha.

Source: TechCrunch

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