Tag: groww
Fisdom founders to exit Groww after completing wealth business integration
Fisdom cofounders Subramanya SV and Anand Dalmia will leave Groww after completing the integration of the wealth management platform, nearly a year after the listed…
Groww founders plan Rs 400-500 crore fund for consumer, deeptech startups
Groww’s four cofounders are setting up a second Rs 400-500 crore seed and early-stage fund to back consumer internet and deeptech startups, expanding an investment…
Groww overtakes Angel One in commodities trading within a year of launch
Wealthtech platform Groww has overtaken Angel One in commodity derivatives trading during the April-June quarter, less than a year after launching the product, as a…
Groww Q1 profit nearly doubles to Rs 735 crore; MTF, commodities gain share
Net profit for April-June quarter nearly doubled for Billionbrains Garage Ventures, which operates wealthtech platform Groww, with a 94% year-on-year increase to Rs 735 crore…
Where are the unicorns of 2021
Synopsis In 2021, India witnessed a surge of 39 startups achieving unicorn status. Following a period of easy funding, these companies, including Cred and Meesho,…
Young, loss-making startups keep OFS portion lean as investor scrutiny grows
Young, loss-making startups preparing for initial public offerings (IPOs) are increasingly keeping the fresh issue component large to fund their growth plans as investors grow…
Peak XV, Nexus set for 7-9x returns from Turtlemint IPO share sale
Peak XV Partners and Nexus Venture Partners are set to clock gross returns of about 7-9 times on shares they sell in insurtech company Turtlemint’s…
Startup investors cash out nearly Rs 18,000 crore after IPO lock-ins end
Top global investors, including SoftBank and KKR, have sold shares worth nearly Rs 18,000 crore in new-age companies, such as Groww and Lenskart, that went…
Groww promoter group sells 0.23% stake for around Rs 250-260 crore
The promoter group at wealthtech startup Groww has sold around 0.23% stake in the company for approximately Rs 250-260 crore over the last few days,…
Delhivery grants 1 lakh stock options to employees
In a filing with the stock exchanges, new-age logistics company Delhivery said it has granted 1,00,360 stock options to eligible employees under its Employee Stock…