Tag: groww
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…
Valuation reset drives mutual fund inflows into listed new-age firms amid FPI selloff
Falling share prices of new-age companies in the quarter to March, tracking weaker macroeconomic indicators, pushed mutual funds to step up buying and raise their…
Lalit Keshre wins Entrepreneur of the Year for taking Groww to a Rs 1.36 lakh crore publicly traded fintech in a decade
Lalit Keshre, cofounder and chief executive of Groww, took less than a decade to build the country’s largest stock broking platform, disrupting traditional brick and…
Competition doesn’t limit growth in India: Groww’s Lalit Keshre on building a full-stack wealth platform
Lalit Keshre cofounded Groww in 2016; a decade later, the Bengaluru-based fintech firm has 21 million users, a market cap that has surged to Rs…
Groww grants Esops worth around Rs 51 crore after strong Q4 results
Fintech firm Groww has issued a fresh lot of 24.32 lakh employee stock options (Esops) on April 20, according to a stock exchange filing. The…