Groww Seeks $200 Mn In Pre-IPO Funding Round

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SUMMARY

Groww is in talks to raise the mega funding round from Tiger Global and GIC and will value the unicorn at around $6.5 Bn

The development comes at a time when the Tiger Global-backed startup is making advances towards making its initial public listing by the end of the fiscal year 2025-26

The Bengaluru-based startup reported net loss of of INR 805 Cr in FY24 against a a net profit of INR 448.7 Cr in the previous fiscal year

Investment tech unicorn Groww is reportedly in advanced talks with Singapore sovereign wealth…



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Groww Seeks $200 Mn In Pre-IPO Funding Round


SUMMARY

Groww is in talks to raise the mega funding round from Tiger Global and GIC and will value the unicorn at around $6.5 Bn

The development comes at a time when the Tiger Global-backed startup is making advances towards making its initial public listing by the end of the fiscal year 2025-26

The Bengaluru-based startup reported net loss of of INR 805 Cr in FY24 against a a net profit of INR 448.7 Cr in the previous fiscal year

Investment tech unicorn Groww is reportedly in advanced talks with Singapore sovereign wealth…



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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