Fintech firm Groww eyes IPO in 2025, seeks $6-8 billion valuation

Fintech firm Groww has kickstarted preparations for an initial public offering (IPO) and has held discussions with multiple investment bankers, sources familiar with the matter said.

The company, which is the largest broker and also the biggest mutual fund (MF) distributor, plans to raise around $700 million (around Rs 6,000 crore). This will be at a valuation of $6-8 billion (around Rs 69,000 crore at the higher end).