India, Aug. 29 -- Groww Sets Sails For D-Street

All decks have been cleared for Groww's D-Street debut. The investment tech unicorn has received SEBI's nod after making a confidential filing, and as per sources it is expected to raise $800 Mn to $1 Bn from its public offering at a hefty valuation in the range of $7 Bn-$8 Bn.

Groww's IPO Bet: The investment tech major's IPO has much working for it - a 1.5 Cr user base, diversified offerings, a strong brand recall and the rising smartphone and internet penetration. But, the biggest shot in Groww's arm was its profitable show in FY25:

The company clocked a profit of INR 1,819 Cr against a loss of INR 799 Cr in FY24

Operating revenue rose 30% YoY to INR 3,844 Cr

The Not So Smooth Ride: G...