Investment platform Groww has raised $200 Mn in a fresh funding round led by Singapore’s sovereign wealth fund GIC, pushing the fintech company’s valuation to $7 Bn. The round also saw participation from existing backers such as Iconiq Capital, signaling strong investor confidence as the company gears up for its much-anticipated Initial Public Offering (IPO).
This funding round is a strategic step in Groww’s larger capital markets roadmap, with the company planning to raise between $700 Mn to $1 Bn through its IPO. The startup has already filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking formal entry into the public listing process.
Groww’s financial performance in FY25 has further reinforced investor interest. The company, under its parent entity Billionbrains Garage Ventures, reported a net profit of ₹1,819 crore — a threefold jump from the previous fiscal. Its revenue rose 31% year-on-year to reach ₹4,056 crore, underscoring the platform’s robust growth trajectory in India’s competitive fintech landscape.
Founded with the aim of democratizing investment access for retail investors, Groww has expanded its offerings from mutual funds to include stocks, ETFs, fixed deposits, and digital gold. The Bengaluru-based company has built a significant user base, particularly among India’s younger population who are increasingly turning to tech platforms for wealth management.
The capital infusion will further support Groww’s product innovation, talent acquisition, and customer experience upgrades. It will also strengthen its balance sheet ahead of the IPO, giving the company more flexibility to invest in growth areas like research, compliance, and new financial products.
The current fundraising comes at a time when Indian startups are facing heightened scrutiny over profitability and sustainability. Groww’s improved financials and disciplined unit economics have helped it stand apart, especially in a sector where many peers are still in the red.
Industry analysts view Groww’s move to go public as a pivotal moment for Indian fintech. If successful, the IPO could become one of the largest in India’s digital finance sector and set a benchmark for other startups with public market ambitions.
With the IPO process now formally underway, all eyes will be on how the markets respond to Groww’s public debut. For now, the latest $200 Mn raise underscores the confidence institutional investors have in the platform’s long-term potential.
Groww’s funding and upcoming IPO represent a significant shift in India’s digital investing landscape — from early-stage disruption to mature, profit-generating businesses ready for public scrutiny. The next chapter of Groww’s growth story appears to be unfolding at the stock exchange.
