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Groww promoter stake valued at over ₹16,315 cr

Financial Express Kochi

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October 31, 2025

BILLIONBRAINS GARAGE VENTURES, the owner of India’s largest brokerage platform Groww, is planning to raise %6,630 crore through an initial public offering (IPO).

- NESIL STANEY

The company on Thursday fixed a price band of 95-100 per share, targeting valuation of over ₹61,700 crore

The issue will comprise a fresh issue of 106 million equity shares aggregating to ₹1,060 crore and an offer for sale (OFS) of 557.2 million equity shares, aggregating to ₹5,572.3 crore.

Some of the investors participating in the OFS include Peak VI Partners Investments, YC Holdings II, Ribbit Capital V, GW-E Ribbit Opportunity V, Internet Fund VI, Kauffman Fellows Fund and Sequoia Capital Global Growth Fund III. Microsoft CEO Satya Nadella is also an investor.

Post-IPO, the growth focus will be in wealth, loan against shares (LAS) and commodity trading. Groww will also partner with banks for LAS.

Financial Express Kochi'den DAHA FAZLA HİKAYE

Financial Express Kochi

Tejas fighter jet crash hits India’s export ambitions

THE CRASH OF TEJAS fighter in front of global arms buyers at the Dubai Airshow is the latest blow to a key national trophy, leaving the jet reliant on Indian military orders to sustain its role as a showcase of home-built defence technology.

time to read

1 min

November 24, 2025

Financial Express Kochi

Premium for ‘experience’ widens in realty projects

Branded developers rake it in with the promise of quality

time to read

1 mins

November 24, 2025

Financial Express Kochi

When tech comes calling

THE TUMULTUOUS CHANGES taking place in the hospitality industry in the context of AI intervention calls for recognition of the new realities for managing the business. It is not an easy task to have AI engaged at every level in the business. Traditionally managed by multitudes of grey-collared personnel, if leaders can get the human-AI partnership work for all, it could be a game-changer.

time to read

2 mins

November 24, 2025

Financial Express Kochi

Meta pulled up for hiding mental health harm claims

US COURT FILINGS ALLEGE

time to read

3 mins

November 24, 2025

Financial Express Kochi

Pulses imports plunge 45% in April-October

IMPORTS OF PULSES have contracted in the eight months through October as domestic production improved, reports Saikat Neogi.

time to read

1 min

November 24, 2025

Financial Express Kochi

Agritech funding plunges over profitability concerns

INDUSTRY EXPERTS EXPECT REVIVAL IN 2026

time to read

2 mins

November 24, 2025

Financial Express Kochi

LNG import bill declines 13% to $8 bn in Apr-Oct

EXPENSE EASES

time to read

1 mins

November 24, 2025

Financial Express Kochi

Qualcomm’s pitch for PC upgrade wave

INDIAN ENGINEERING IS at the heart of Qualcomm’s new Snapdragon X2 Elite and Extreme chips, which will power next-generation Windows PCs in the coming months.

time to read

1 mins

November 24, 2025

Financial Express Kochi

Purple Ascent

HOW ALATE-NIGHT IDEA TURNED INTO A BEAUTY POWERHOUSE, TAKING THE PERSONAL CARE PLATFORM FROM A SIX-MEMBER LOFT OFFICE TO A DATA-DRIVEN GIANT

time to read

4 mins

November 24, 2025

Financial Express Kochi

States’ capex likely grew 10% in April-October

CAPITAL EXPENDITURE BY state governments likely grew 10% on-year in the first seven months of the current financial year, but revenue expenditure growth was a modest 4% during the period.

time to read

1 mins

November 24, 2025

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