Tiger Global-Backed Groww Picks Bankers For Its IPO: Report

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SUMMARY

The investment tech platform Groww has picked banks, including JPMorgan Chase & Co. and Kotak Mahindra Bank for its potential IPO targeted for this year

The company could raise $750 Mn or more and may seek a valuation of $7-$8 Bn

Groww more than doubled its revenue reporting a 119% growth, up from INR 1,435 Cr in the financial year 2022-23 (FY23) to INR 3,145 Cr in FY24

Investment tech platform Groww’s parent Billionsbrains Garage Pvt Limited has reportedly picked banks for a potential India initial public offering…



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Tiger Global-Backed Groww Picks Bankers For Its IPO: Report


SUMMARY

The investment tech platform Groww has picked banks, including JPMorgan Chase & Co. and Kotak Mahindra Bank for its potential IPO targeted for this year

The company could raise $750 Mn or more and may seek a valuation of $7-$8 Bn

Groww more than doubled its revenue reporting a 119% growth, up from INR 1,435 Cr in the financial year 2022-23 (FY23) to INR 3,145 Cr in FY24

Investment tech platform Groww’s parent Billionsbrains Garage Pvt Limited has reportedly picked banks for a potential India initial public offering…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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