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Groww triples profit to Rs 1,819 crore in FY25, raises $200 million in funding ahead of IPO
- Groww's parent company, Billionbrains Garage Ventures, saw its net profit surge to Rs 1,819 crore in FY25, marking a threefold increase over the previous year.
- The company reported revenue of Rs 4,056 crore and raised $200 million in funding at a $7 billion valuation, led by GIC and Iconiq Capital.
- Groww is moving forward with plans to go public and filed confidential draft IPO papers in May with SEBI to raise $700 million to $1 billion.
- JP Morgan, Kotak Mahindra, Citigroup, Axis Capital, and Motilal Oswal are set to manage the IPO, which will include both primary and secondary components.
- Founded in 2016, Groww has transitioned into a full-service wealthtech firm and is now India's largest stockbroker by active clients.
- As of February 2025, Groww reported 13 million active investors, surpassing Zerodha and Angel One in client numbers.
- In FY24, Groww recorded revenue of Rs 3,145 crore but ended with a net loss of Rs 805 crore after incurring a one-time Rs 1,340 crore tax expense during its domicile structure shift.
- FY25's positive results follow tighter regulatory scrutiny in the stockbroking sector by SEBI, impacting trading volumes and investor activity.
- Angel One saw a 49% year-on-year drop in net profit, while Zerodha's FY25 numbers are yet to be disclosed.
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