Groww IPO: We make so much money, we could keep it all — but that’s not how you build a 100-year-old company: CEO Lalit Keshre

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As Groww, the stock trading and wealth-tech platform, gears up for its public debut in November, cofounder and CEO Lalit Keshre says the listing is a natural step for a company managing billions in customer wealth.

“We make so much money, we could keep it all. But that’s not how you build a 100-year-old company. We want to be accountable to the public just like all global financial services companies are,” Keshre told ET. Zerodha, its closest rival, remains privately held and has never raised external capital.

Groww plans to raise Rs 7,000 crore…



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Groww IPO: We make so much money, we could keep it all — but that’s not how you build a 100-year-old company: CEO Lalit Keshre



As Groww, the stock trading and wealth-tech platform, gears up for its public debut in November, cofounder and CEO Lalit Keshre says the listing is a natural step for a company managing billions in customer wealth.

“We make so much money, we could keep it all. But that’s not how you build a 100-year-old company. We want to be accountable to the public just like all global financial services companies are,” Keshre told ET. Zerodha, its closest rival, remains privately held and has never raised external capital.

Groww plans to raise Rs 7,000 crore…



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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