Early investors set for big paper gains in Groww IPO; founders’ stake valued at over Rs 16,000 crore

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Early backers and promoters of Groww’s parent, Billionbrains Garage Ventures, are set to make significant paper gains as the Bengaluru-based investment platform prepares for its initial public offering (IPO).

Groww’s four cofounders — Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh — together hold 26.6% stake, now valued at over Rs 16,000 crore, according to the company’s red herring prospectus (RHP).

Chief executive Keshre, who owns 9.12%, will see his holding valued at around Rs 5,591 crore. Jain, the chief operating officer with…



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Early investors set for big paper gains in Groww IPO; founders’ stake valued at over Rs 16,000 crore


Early backers and promoters of Groww’s parent, Billionbrains Garage Ventures, are set to make significant paper gains as the Bengaluru-based investment platform prepares for its initial public offering (IPO).

Groww’s four cofounders — Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh — together hold 26.6% stake, now valued at over Rs 16,000 crore, according to the company’s red herring prospectus (RHP).

Chief executive Keshre, who owns 9.12%, will see his holding valued at around Rs 5,591 crore. Jain, the chief operating officer with…



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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