No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 31, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Startups

Groww, backed by Satya Nadella, set to become first Indian startup to go public after U.S.-to-India move

by TheAdviserMagazine
1 month ago
in Startups
Reading Time: 3 mins read
A A
Groww, backed by Satya Nadella, set to become first Indian startup to go public after U.S.-to-India move
Share on FacebookShare on TwitterShare on LInkedIn


Groww, India’s largest retail brokerage firm, is set to test the country’s public markets with a multi-billion-dollar IPO. The listing comes comes just over a year after the company restructured its corporate headquarters from Delaware back to India — a move that could make it the first Indian startup to list at home following a relocation from the U.S.

Backed by Microsoft CEO Satya Nadella and marquee investors including Peak XV Partners, Y Combinator, Ribbit Capital, and Tiger Global, Groww’s listing — expected later this year — is set to double as a major exit opportunity for global venture funds. The four investment firms are offloading about 394 million shares — roughly 9.4% of Groww’s total equity base — per the draft IPO documents filed on Tuesday. That makes them the single largest selling bloc, accounting for about 69% of all shares being offered to the public.

Pine Labs, Razorpay, Meesho, and Zepto are among the Indian startups that have recently shifted their base back home. Walmart-backed PhonePe relocated its headquarters from Singapore to India in 2022, while Flipkart — once its parent and also backed by Walmart — similarly announced plans to move its headquarters from Singapore to India earlier this year.

Last year, Groww became one of the first startups to shift its headquarters back to India from the U.S. The startup paid around $159 million in taxes as part of the move.

Relocating their base back home helps startups align with evolving local regulations and meet requirements for domestic stock listings. It also makes sense to tap India’s public markets, given the expanding retail investor base and rising appetite for IPOs. The trend reflects the growing maturity and attractiveness of India’s capital markets compared to overseas alternatives.

While U.S. investors plan to offload a large chunk of their holdings in Groww, founders Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal together are selling only about 4 million shares — only 0.7% of the total offer for sale, per the draft prospectus.

The small sale signals that Groww’s founders are holding on to nearly all their equity, in contrast to the established investors who are using the IPO as an exit route.

Techcrunch event

San Francisco
|
October 27-29, 2025

Groww plans to raise ₹10.6 billion (approximately $121 million) in new funding from the IPO, along with the secondary sale of 574 million shares by existing shareholders, expected to be priced at ₹5–6 billion (roughly $568–$682 million). The IPO is expected to value the Bengaluru-based company at $9 billion.

In the fiscal year ending March 31, Groww reported total income of ₹40.6 billion (about $462 million), up 45% year-on-year, with profit after tax of ₹18.2 billion (roughly $208 million). The startup had posted a net loss of about ₹8 billion (around $92 million) in the previous year, primarily due to expenses tied to its Delaware headquarters relocation.

As of June, Groww had about 37.4 million individual demat accounts (digital accounts that hold securities electronically), representing nearly 19% of India’s market, along with 12.6 million active clients on the National Stock Exchange, equal to a 26% share. The platform also counted around 17 million active systematic investment plans (SIPs, which are recurring monthly investments) and 9 million unique mutual fund investors, becoming the only investment app in the country to surpass 100 million cumulative downloads.

The offering is being advised by JPMorgan Chase, Kotak Mahindra Bank, Citigroup, Axis Bank and Motilal Oswal Investment Advisors.



Source link

Tags: BackedGrowwIndianMoveNadellaPublicSatyasetStartupU.S.toIndia
ShareTweetShare
Previous Post

China keeps tight grip on rare earths, costing at least one company ‘millions of euros’

Next Post

Jack Butcher Set To Drop A New NFT Collection This Week

Related Posts

edit post
Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles

Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles

by TheAdviserMagazine
October 31, 2025
0

Cambridge-based PACT raised investment in a Series A round to scale its sustainable biomaterial platform. Know more about it below.ContentlockrCambridge-based...

edit post
Clerq Raises M to Capture Share of T High-Ticket Payment Market – AlleyWatch

Clerq Raises $12M to Capture Share of $3T High-Ticket Payment Market – AlleyWatch

by TheAdviserMagazine
October 30, 2025
0

The shift from physical to digital payments has created a massive divide in the U.S. economy – while consumers routinely...

edit post
Netherlands launches ChipNL Competence Centre to supercharge the Dutch semiconductor sector: Know more 

Netherlands launches ChipNL Competence Centre to supercharge the Dutch semiconductor sector: Know more 

by TheAdviserMagazine
October 30, 2025
0

The ChipNL Competence Centre launches in Eindhoven to boost the Dutch semiconductor industry. It aims to connect companies with facilities,...

edit post
The Prompting Company snags .5M to help products get mentioned in ChatGPT and other AI apps

The Prompting Company snags $6.5M to help products get mentioned in ChatGPT and other AI apps

by TheAdviserMagazine
October 30, 2025
0

People are increasingly asking AI, not Google, to help them discover products. A recent shopping report says Americans, this holiday...

edit post
India’s Snabbit valuation doubled to 0M in 5 months on its quick house-help bet

India’s Snabbit valuation doubled to $180M in 5 months on its quick house-help bet

by TheAdviserMagazine
October 29, 2025
0

India’s appetite for instant convenience — once confined to food and grocery delivery — is expanding into house help. That...

edit post
Building the Foundation for the Future of Services: Inside the York IE Hub

Building the Foundation for the Future of Services: Inside the York IE Hub

by TheAdviserMagazine
October 29, 2025
0

The future of professional services isn’t coming…it’s already here. Artificial intelligence, automation, and data are rewriting the rules of the...

Next Post
edit post
Jack Butcher Set To Drop A New NFT Collection This Week

Jack Butcher Set To Drop A New NFT Collection This Week

edit post
European firms still can’t easily get Chinese rare earths, says business lobby

European firms still can't easily get Chinese rare earths, says business lobby

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Whales withdraw 2,000 Bitcoin worth 0M from Binance in 2 hours

Whales withdraw 2,000 Bitcoin worth $220M from Binance in 2 hours

0
edit post
Stock news for investors: RBI earnings rise as Tim Hortons and international growth boost results

Stock news for investors: RBI earnings rise as Tim Hortons and international growth boost results

0
edit post
AI empowers criminals to launch ‘customized attacks at scale’—but could also help firms fortify their defenses, say tech industry leaders

AI empowers criminals to launch ‘customized attacks at scale’—but could also help firms fortify their defenses, say tech industry leaders

0
edit post
10 Tips on How to Travel More but Spend Less

10 Tips on How to Travel More but Spend Less

0
edit post
Clal Insurance invests 0m in Kesem power station

Clal Insurance invests $200m in Kesem power station

0
edit post
Afraid to Buy Your First Rental? Here’s How to Finally Start (Rookie Reply)

Afraid to Buy Your First Rental? Here’s How to Finally Start (Rookie Reply)

0
edit post
Whales withdraw 2,000 Bitcoin worth 0M from Binance in 2 hours

Whales withdraw 2,000 Bitcoin worth $220M from Binance in 2 hours

October 31, 2025
edit post
AI empowers criminals to launch ‘customized attacks at scale’—but could also help firms fortify their defenses, say tech industry leaders

AI empowers criminals to launch ‘customized attacks at scale’—but could also help firms fortify their defenses, say tech industry leaders

October 31, 2025
edit post
How Much Vacation Time Are American Workers Actually Taking?

How Much Vacation Time Are American Workers Actually Taking?

October 31, 2025
edit post
Strategy’s US.8 B Profit Proves the Bitcoin Narrative & Pushes Best Altcoins like $HYPER to Soar

Strategy’s US$2.8 B Profit Proves the Bitcoin Narrative & Pushes Best Altcoins like $HYPER to Soar

October 31, 2025
edit post
Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles

Cambridge’s PACT raises €17.2M to scale its collagen-based alternative to plastic textiles

October 31, 2025
edit post
Afraid to Buy Your First Rental? Here’s How to Finally Start (Rookie Reply)

Afraid to Buy Your First Rental? Here’s How to Finally Start (Rookie Reply)

October 31, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Whales withdraw 2,000 Bitcoin worth $220M from Binance in 2 hours
  • AI empowers criminals to launch ‘customized attacks at scale’—but could also help firms fortify their defenses, say tech industry leaders
  • How Much Vacation Time Are American Workers Actually Taking?
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.