Groww picks JPMorgan for IPO to raise $750 mn, may seek $7 bn valuation

Billionbrains Garage Ventures Pvt. Ltd has picked banks including JPMorgan Chase & Co. and Kotak Mahindra Bank Ltd for a potential Mumbai initial public offering, according to people familiar with the matter.

The company behind financial services platform Groww Invest Tech Pvt. Ltd could proceed with an IPO this year, the people said, seizing on the momentum for share sales in India.