Funding News: Groww Secures Rs 2,984 Crore from Anchor Investors Ahead of IPO

Startup: Groww

Founders: Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal

About us: Groww is a Bengaluru-based online investment platform that offers a comprehensive range of financial products including stocks, derivatives, mutual funds, exchange-traded funds (ETFs), and fixed-income instruments. Built on a mission to simplify investing for India’s growing retail investor base, Groww has emerged as one of the country’s largest online brokers by active clients, combining intuitive technology with robust financial education tools.

Founded Year: 2016

Office: Headquartered in Bengaluru, India, serving retail and institutional investors across the country

Sector: FinTech / Investment Platform / Stockbroking

Funding Round: Anchor Investor Allocation (Pre-IPO)

Investors: The anchor book featured 102 investors including top domestic mutual funds such as HDFC Mutual Fund, SBI Mutual Fund, Kotak Mahindra Mutual Fund, Nippon India Mutual Fund, and ICICI Prudential Mutual Fund, along with leading global investors like Abu Dhabi Investment Authority, Government of Singapore, and Norway Government Pension Fund Global.

Groww has raised Rs 2,984.5 crore from anchor investors ahead of its highly anticipated Initial Public Offering (IPO), by allocating 29.84 crore equity shares at Rs 100 per share (face value Rs 2 plus premium of Rs 98). The proceeds will support the company’s growth initiatives, strengthen its technology and compliance infrastructure, and enhance customer acquisition efforts as it continues to scale its retail investing platform across India.

Website: https://groww.in

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