A decade of Growwth: From mutual fund seller to stock market tsar

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Fintech startup Groww will become the first new generation wealthtech company in India to list on the bourses when trading begins on Wednesday.

While startups have been queuing up to join the public markets, Bengaluru-based Groww, founded in 2016, will be one of the youngest Indian fintech ventures to go public, joining the ranks of PB Fintech, Paytm and Mobikwik.

The company is aiming to raise Rs 6,600 crore through the listing which, at the higher end of the price band of Rs 95 to Rs 100 per share, will give it a valuation of Rs 62,332 crore. While…



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A decade of Growwth: From mutual fund seller to stock market tsar


Fintech startup Groww will become the first new generation wealthtech company in India to list on the bourses when trading begins on Wednesday.

While startups have been queuing up to join the public markets, Bengaluru-based Groww, founded in 2016, will be one of the youngest Indian fintech ventures to go public, joining the ranks of PB Fintech, Paytm and Mobikwik.

The company is aiming to raise Rs 6,600 crore through the listing which, at the higher end of the price band of Rs 95 to Rs 100 per share, will give it a valuation of Rs 62,332 crore. While…



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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