Groww triples FY25 net profit to Rs 1,819 crore; closes $200 million funding round at $7 billion valuation

Share via:


BillionGarage Ventures, the parent entity of wealth management platform Groww, reported a three-fold jump in net profit to Rs 1,819 crore for FY25, while revenue rose 31% to Rs 4,056 crore, as per financial documents seen by ET.

The Bengaluru-based company also closed a $200 million funding round at a $7 billion valuation, with Singapore’s sovereign wealth fund GIC and existing backer Iconiq Capital participating. ET had first reported on March 26 that a deal with GIC was in the works.

Groww counts Peak XV Partners, Tiger Global, and Ribbit…



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.

Popular

More Like this

Groww triples FY25 net profit to Rs 1,819 crore; closes $200 million funding round at $7 billion valuation


BillionGarage Ventures, the parent entity of wealth management platform Groww, reported a three-fold jump in net profit to Rs 1,819 crore for FY25, while revenue rose 31% to Rs 4,056 crore, as per financial documents seen by ET.

The Bengaluru-based company also closed a $200 million funding round at a $7 billion valuation, with Singapore’s sovereign wealth fund GIC and existing backer Iconiq Capital participating. ET had first reported on March 26 that a deal with GIC was in the works.

Groww counts Peak XV Partners, Tiger Global, and Ribbit…



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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

BillWizz: Revolutionizing Online Bill Payments for Indians

New Delhi , June 13:  BillWizz.com is a...

Vantage Announces Continued Global Commitment to Safe, Transparent Trading...

New Delhi , June 14: Retail participation in...

From MIT dropout to AI billionaire: Who is Scale...

Alexandr Wang, the CEO and cofounder of Scale...

Popular

Upcoming Events

ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC ZXXC