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last mo.

Groww Secures $200 Million at $7 Billion Valuation Ahead of $1 Billion IPO

The Bengaluru-based fintech reported a threefold profit surge in FY25 after acquiring Fisdom to expand into wealth management.

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Overview

  • Billionbrains Garage Ventures closed a $200 million Series F round at a $7 billion valuation, with GIC and Iconiq Capital each investing $100 million for a 1.4 percent stake.
  • Groww’s profit jumped to ₹1,819 crore in FY25 from ₹545 crore a year earlier while revenue rose 31 percent to ₹4,056 crore.
  • The company filed draft IPO papers confidentially in May and plans to raise up to $1 billion through a mix of fresh issues and secondary sales, with JPMorgan Chase and Kotak Mahindra Bank as lead banks.
  • Groww acquired wealth-tech startup Fisdom in an all-cash deal valued at about $150 million to bolster its wealth advisory services.
  • The latest funding lifts Groww’s valuation from $2.8 billion in 2021 to $7 billion, underscoring strong investor confidence as it prepares for a public debut.