Groww, An online stock broking and financial product platform has received the SEBI approval to go public could raise between US$ 700 million and US$ 1 billion. It will be biggest fintech IPOs of the India.Â
Billionbrains Garage Ventures, the parent company of stock broking firm Groww with this, the investment platform could be valued at around US$ 7 billion. The proposed IPO is a combination of a fresh issue of equity shares and an offer for sale.
Groww is backed by world class investor such as Ribbit Capital, Sequoia, Y Combinator, Tiger Global, ICONIQ & Satya Nadella.
