Groww has the makings to become India’s Robinhood, Jefferies said in a note on Friday, initiating coverage of the newly listed stock with a “buy” rating. The Groww app on a smartphone. Groww’s share price surged as much as 12.87% to ₹162.65 apiece on the vote of confidence from Jefferies. (Bloomberg) The online brokerage operated […]
The Cloudfare outage, which afflicted hundreds of website, has affected India’s biggest online brokers, including Zerodha and Groww Ltd. Websites of most Indian online brokerages, including Zerodha and Groww, were down following the Cloudfare outage. (Unsplash) “Due to a cross-platform downtime on Cloudflare, Kite is currently unavailable. Please use the Kite WhatsApp backup to manage […]
Groww operator Billionbrains Garage Ventures Ltd. has reported a near-25% jump in net profit in its first quarterly results since listing, even as profitability surged. Groww’s share price has been on a rollercoaster of late. (Bloomberg) Net profit of India’s largest online stockbroker rose 24.6% over the previous quarter to ₹471 crore in the three […]
The listing of Billionbrains Garage Ventures Ltd., the operator of India’s largest online brokerage Groww, has turned out to be a lesson in market euphoria and swift correction. Groww crossed the ₹1 lakh crore market capitalisation mark in record time, an achievement that made headlines. (Bloomberg) After a spectacular post-listing rally that saw Groww’s share […]
As fintech startup Groww made a strong IPO debut on Wednesday, an old email from its CEO and co-founder, Lalit Keshre, has resurfaced online. Lalit Keshre is the co-founder and CEO of Groww.(X/@lkeshre) Taking to X, Shikhar Saxena, the founder of Binary and SuperDM, shared a screenshot of an email Keshre had sent him back […]
Groww parent Billionaires Garage Ventures Ltd. has listed at a premium. That gave India’s largest online broker a market capitalisation of more than ₹70,000 crore. The ₹6,630-crore Groww IPO was subscribed more than 17 times. (AI Image) Groww’s share price rose as much as 21% over the IPO price of ₹100 to ₹120.50 on the […]
The Groww IPO got fully subscribed on the second day of share sale, with retail investors leading the demand. The GMP showed a listing-day gain of 13.5%. One out of five Groww IPO applications is originating on Zerodha. (AI Image) This is a developing story. More to come. Source link
One out of five Groww IPO applications is originating on Zerodha, CEO Nithin Kamath said on Tuesday. That, more that anything else, shows the depth of India’s investor base that the likes of Zerodha and Groww have built. One out of five Groww IPO applications is originating on Zerodha, CEO Nithin Kamath says. (AI Image) […]
Billionbrains Garage Ventures Pvt. Ltd., which operates India’s largest online broker Groww, has launched its initial public offering, underscoring the surge in retail investors in the world’s fourth-largest stock market. Groww’s valuation is seen at ₹61,735 crore in the IPO, as against ₹58,500 crore in July 2025. That’s about 30 times earnings for the fiscal […]
