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Ayush

Stealth • 25d

Groww is going IPO 📈 Groww, India’s largest retail stockbroker, is planning to file for an IPO within the next 10–12 months. -> The targeted valuation 💸 - $6 billion to $8 billion, over double its last valuation of $3 billion in October 2021. -> This will be the first IPO by a digital trading platform in India. -> Backed by Peak XV, Tiger Global, and Alkeon, Groww shifted its domicile to India from the U.S. last year as part of its IPO preparation. 🌎 Groww recorded 13.2 million active users in December, compared to Zerodha’s 8.1 million, and is adding 325,000 to 550,000 new users monthly. So this is going to be big. How many of you are excited for this? Let' have a healthy discussion in the comments. Follow for more such posts ✌️

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