Billionbrains Garage Ventures, the parent firm of Groww , which was incorporated in January 2018, will be mopping up funds from the Indian markets through an initial public offer. The timeline for the same is not clear yet, but the market regulator, SEBI , has approved the IPO . Though the exact issue size and price bank are yet to be finalised, this IPO is likely to be one of the largest fintech offerings in the country and is expected to raise $700 million – 1 billion from the issue. The company is valued at $7 -8 billion.

Groww IPO: Understanding the business

Groww is an online stock broking firm that provides services such as buying and selling stocks. Along with that, customers can bid for IPOs. The other financial products include derivatives, bonds, mutual funds (including

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