Bengaluru-based investment platform Groww saw a 3x increase in net profit to Rs 1,819 crore for FY25, along with a 31% YoY rise in revenue to Rs 4,056 crore.
Groww secured $200 million in a Series F funding round at a $7 billion valuation, with GIC (Singapore) and ICONIQ Capital participating.
It recently filed confidential IPO papers with SEBI and is looking at a public issue worth $700 million to $1 billion.
Founded in 2016, Groww has become India's largest stockbroking platform by active clients, boasting a 26.32% market share.
The company has expanded into digital lending, wealth advisory, and mutual fund management through acquisitions like Fisdom and Indiabulls AMC.
Groww's financial success in FY25 follows a significant net loss of Rs 805 crore in FY24 due to a one-time tax payment related to re-domiciling.
With an upcoming IPO and strong financial performance, Groww is poised to be a highly anticipated listing in India's fintech sector.