Tag: groww
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…
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…