Groww to channel IPO proceeds into tech, brand, NBFC business expansion: CFO Ishan Bansal

Soon-to-be-listed popular investment platform Groww will utilise its IPO proceeds mainly on four things – technology investments, brand enhancement, capital for newly launched margin trade funding, and capitalisation of its NBFC business through loan against securities, Ishan Bansal, Whole-Time Director and Chief Financial Officer of Billionbrains Garage Ventures Limited, the parent company, said.

“There are four places under which the utilisation of these (IPO) funds will happen. One of them is technology, where we’ve been investing continuously. Second is brand, that is really important for us,” Bansal told ANI.