IPO-Bound Groww Bags $200 Million at $7 Billion Valuation, FY25 Profits Triple
IPO-bound fintech startup Groww has raised $200 million in fresh funding led by GIC, pushing its valuation to $7 billion. This comes as the company gears up for its IPO and reports a threefold rise in FY25 profit to ₹1,819 crore, cementing its position as India’s leading online investment platform.
Online investment platform Groww has secured $200 million in a new funding round, raising its valuation to $7 billion. The round was led by GIC, Singapore’s sovereign wealth fund, along with support from Iconiq Capital, a returning investor. This is one of the largest funding rounds in India’s fintech space this year and marks a major step forward for the company as it prepares for a public listing.
The new capital will be used to strengthen Groww’s product offerings, expand user reach, and boost technology infrastructure.
IPO plans moving ahead
The funding comes just as the company gets ready to go public. In May 2025, Groww confidentially filed IPO papers with SEBI, India’s market regulator. According to reports, Groww is aiming to raise between $700 million and $1 billion through its IPO. The listing will be managed by JPMorgan and Kotak Mahindra Capital.
If successful, the IPO could be one of the most talked-about listings in the Indian fintech space this year.
Strong growth in business
Groww’s financial performance has been strong as well. For FY25, the company posted a net profit of INR 1,819 crore, a major jump from a loss of INR 805 crore in FY24. Revenue also rose by 31%, reaching INR 4,056 crore.
This turnaround follows a change in Groww’s corporate structure, as it moved its holding company from the United States to India, bringing in more tax clarity and better alignment with local regulations.
Leading stockbroker in India
Groww is now India’s largest retail stockbroker by active clients, with over 13 million users. The platform, which started in 2016 as a mutual fund investment service, now offers stocks, ETFs, gold, loans, and financial advice, all through its app.
What’s next
With strong backing, rising profits, and a planned IPO, Groww is well-placed to continue its rapid rise in India’s fintech market.
Tejas Mundhada
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