🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Fintech Unicorn Groww Set to File Confidential IPO Papers With Sebi

OutlookIndia

OutlookIndia · 3m ago

Fintech Unicorn Groww Set to File Confidential IPO Papers With Sebi

Groww, a Bengaluru-based investment tech start-up, is set to file confidential IPO papers with SEBI, targeting a $7-8 billion valuation. The company is closing a $150 million pre-IPO funding round led by Singapore’s GIC. Groww, originally a mutual fund platform, now offers stock trading and other financial products, and plans to expand into wealth management. It may also acquire PayU-backed Fisdom, indicating further expansion into wealth management.

8

Related News

MobiKwik refiles IPO papers, cuts issue size from ₹1,900 crore to ₹700 crore

Inshorts · 1y ago

MobiKwik refiles IPO papers, cuts issue size from ₹1,900 crore to ₹700 crore

Fintech unicorn MobiKwik has refiled draft papers with the SEBI to raise ₹700 crore through the issue of new shares in an IPO. It is also aiming to raise ₹140 crore in pre-IPO placement, which will reduce the fresh issue size, if successful. MobiKwik initially filed papers to raise ₹1,900 crore in 2021, but deferred plans after market conditions worsened.

PhysicsWallah files draft IPO papers with SEBI via confidential route

YourStory

YourStory · 5m ago

PhysicsWallah files draft IPO papers with SEBI via confidential route

PhysicsWallah (PW), an Indian edtech unicorn, has filed draft IPO papers with SEBI through a confidential pre-filing route. This method allows the company to withhold public disclosure of its draft red herring prospectus details. The pre-filing doesn't guarantee an IPO, but it offers greater flexibility on the timing and scope. Founded in 2020, PW is recognized for its wide-ranging educational reach in India, recently valued at $2.8 billion.

Lenskart to file DRHP confidentially by the end of this month: Sources

YourStory

YourStory · 2m ago

Lenskart to file DRHP confidentially by the end of this month: Sources

Lenskart plans to confidentially file its draft red herring prospectus (DRHP) for a $10-billion IPO with the Securities and Exchange Board of India (SEBI) by the end of the month. The omnichannel eyewear retailer recently transitioned to a public limited company to facilitate this move. With a potential public issue exceeding $1 billion, Lenskart aims to join startups like Groww and Oyo using SEBI's confidential IPO route. The company has significantly increased profitability, reducing losses by 84% in FY24.

Snapdeal's parent AceVector files confidential draft IPO papers with Sebi - The Economic Times

Economic Times

Economic Times · 1m ago

Snapdeal's parent AceVector files confidential draft IPO papers with Sebi - The Economic Times

AceVector, the parent company of Snapdeal, has filed confidential draft papers with India's market regulator, Sebi, to launch an IPO. The company also operates Unicommerce and Stellar Brands, with Unicommerce going public in 2024. The confidential filing route allows more flexibility, gaining popularity among firms like Swiggy and PhysicsWallah. This method extends the IPO timeline, allowing companies to better plan and adjust their offerings.

SEBI Clears Groww's IPO Papers

Inc42 · 2d ago

SEBI Clears Groww's IPO Papers

Groww, a fintech unicorn, has received approval from SEBI to launch its IPO, potentially raising $800 million to $1 billion, valuing the startup at $7 billion to $8 billion. This comes after a $200 million Series F funding round in June, which valued Groww at $7 billion. The company's net profit for FY25 tripled year-on-year to INR 1,818 crore, with operating revenue increasing by 29% to INR 4,056 crore.

IPO-Bound Groww Becomes 1st Indian Investment App to Hit 100 Mn Downloads

OutlookIndia

OutlookIndia · 2m ago

IPO-Bound Groww Becomes 1st Indian Investment App to Hit 100 Mn Downloads

Groww, an IPO-bound investment app, became the first Indian platform to reach over 100 million downloads. According to Sensor Tower data, it leads globally in app installations and active user participation in 2024. Founded in 2016, Groww offers a variety of investment options and rivals Zerodha and Angel One, the latter having fewer downloads. Groww recently filed draft papers with Sebi for an IPO and reported significant profit growth and revenue increases.

PhonePe To File Draft Papers For $1.5 Bn IPO By August

Inc42 · 2m ago

PhonePe To File Draft Papers For $1.5 Bn IPO By August

PhonePe, Walmart-owned fintech, is set to file draft IPO papers by August 2023, aiming to raise $1.5 billion, valuing the company at $15 billion. The company has appointed Kotak Mahindra, Citigroup, and Morgan Stanley to lead the process. Known for its dominance in the Unified Payments Interface (UPI) sector, PhonePe made its listing intentions public earlier in February, with further details about the IPO size or timeline now revealed.

Tata Capital files for Rs 15,000 crore IPO with Sebi: Report

Business Today

Business Today · 4m ago

Tata Capital files for Rs 15,000 crore IPO with Sebi: Report

Tata Capital, a subsidiary of Tata Sons, has filed papers with Sebi for a Rs 15,000 crore IPO through a confidential pre-filing route. Approved in February 2025, the IPO may feature a fresh issue of up to 230 million shares. Tata Sons owns a 92.83% stake. Major banks, including Kotak Mahindra and JPMorgan, are involved. The IPO aims to meet RBI's mandate of public listing for 'top-tier' NBFCs by September 2025.

Grapevine: Urban Company, Groww, Apollo Global-backed Tenneco plan IPOs

VCCircle

VCCircle · 7m ago

Grapevine: Urban Company, Groww, Apollo Global-backed Tenneco plan IPOs

Reports indicate that Urban Company, Groww, and Tenneco are preparing for IPOs in the upcoming months. Prosus-backed Urban Company is expected to file draft papers for a Rs 3,000-crore IPO by March's end. Groww, an investment platform, and Apollo Global-backed Tenneco are also planning their initial public offerings. These moves demonstrate the continued interest and activity in the market, as companies seek to expand and tap into public investment.

Brookfield-backed CleanMax to file ₹4,000-5,000 cr IPO via confidential route

Livemint

Livemint · 1m ago

Brookfield-backed CleanMax to file ₹4,000-5,000 cr IPO via confidential route

CleanMax Enviro Energy Solutions, a renewable energy company backed by Brookfield, is planning to file for a confidential IPO valued at ₹4,000-5,000 crore. The Mumbai-based company aims to submit draft papers to the Securities and Exchange Board of India by the end of August. With Brookfield owning 48% of CleanMax, the move seeks to leverage growing investor interest in India's renewable energy sector.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Just Months After Promotion, Open ...

Microsoft locks down a building a ...

Google Alerts 2.5B Gmail Users Af ...

Download the medial app to read full posts, comements and news.