Startup Profile
Groww
Legal entity: Billionbrains Garage Ventures Private Limited
India's largest retail investment platform
Founders
- Lalit Keshre
Co-founder and CEO of Groww. Leads product and customer experience. Previously senior product manager at Flipkart where he launched Flipkart Quick and helped launch Flipkart Marketplace; earlier founded online learning company Eduflix and was an early team member at Ittiam Systems.
- Harsh Jain
Co-founder and COO of Groww. Previously on the product management team at Flipkart and co-founded a storytelling startup.
- Neeraj Singh
Co-founder and CTO of Groww. Previously an engineering manager at Flipkart where he built the customer returns and refund system.
- Ishan Bansal
Co-founder and CFO of Groww. Previously worked in corporate development at Flipkart and in corporate development and M&A at Naspers.
Funding rounds
- IPO2025-11-12₹6632.30 Cr
- Series E2021-10-24₹2083.30 CrLed by ICONIQ Growth
- Series D2021-04-07₹688.90 CrLed by Tiger Global Management
- Series C2020-09-01₹249.00 CrLed by YC Continuity
- Series B2019-09-01₹177.62 CrLed by Ribbit Capital
- Series A2019-01-01₹51.46 CrLed by Sequoia Capital India
- Seed2018-01-01—Led by Y Combinator
Financials
MCA / self-reported| Fiscal year | Revenue | Profit / (Loss) | Employees |
|---|---|---|---|
| FY23 | ₹1435.00 Cr | — | — |
| FY24 | ₹3145.00 Cr | (₹805.00 Cr) | — |
| FY25 | ₹3901.72 Cr | +₹1824.37 Cr | — |
The full story
Rich-text rendering of long_story is wired in the design pass.
Timeline
- 2025-11-17Market cap crosses 1.10 lakh crore rupees — Shares hit a 20% upper circuit at 178.23 rupees, pushing market capitalisation to about 1,10,032 crore rupees and making CEO Lalit Keshre a billionaire.
- 2025-11-12IPO on BSE and NSE — Parent Billionbrains Garage Ventures raises about 6,632 crore rupees (~748 million dollars) and lists above its 100 rupee issue price, in one of India's largest fintech IPOs.
- 2024-12India's largest stockbroker by active clients — Reaches roughly 13.16 million active clients and about 26.6% market share, becoming India's leading stockbroker.
- 2024-03Shifts domicile from US to India — Groww relocates its corporate domicile back to India, incurring a one-time tax charge of about 1,340 crore rupees that drove an FY24 consolidated net loss despite operating profitability.
- 2021-10-24Series E at 3 billion dollar valuation — Raises 251 million dollars led by ICONIQ Growth, valuing the company at 3 billion dollars.
- 2021-04-07Becomes a unicorn with Series D — An 83 million dollar Series D led by Tiger Global takes Groww's valuation past 1 billion dollars.
- 2017Operations begin with direct mutual funds — Groww launches its mobile-first platform offering commission-free direct mutual funds.
- 2016Founded by four ex-Flipkart colleagues — Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal leave Flipkart to start Groww, aiming to simplify investing for first-time Indian investors.
Data sources
- seed-list + Crunchbase ODM↗ · last fetched 2026-05-28
- Editorial (press release)↗ · last fetched 2026-05-28
- Editorial (press release)↗ · last fetched 2026-05-28
- DPIIT (Startup India)↗ · last fetched 2026-05-28
- Wikidata↗ · last fetched 2026-05-28
- Wikidata↗ · last fetched 2026-05-28
- favicon↗ · last fetched 2026-05-31
- Groww official blog (About Groww: Founders, Journey, Investors)↗ · last fetched 2026-06-01
- TechCrunch (Series E, 3 billion dollar valuation, Oct 2021)↗ · last fetched 2026-06-01
- TechCrunch (Groww IPO, Nov 2025)↗ · last fetched 2026-06-01
- Entrackr (FY24 financials and domicile-shift tax)↗ · last fetched 2026-06-01
- Inc42 (FY24 revenue and net loss)↗ · last fetched 2026-06-01
- Screener (Billionbrains Garage Ventures FY25 consolidated financials)↗ · last fetched 2026-06-01
- Upstox (post-IPO market cap crossing 1.10 lakh crore)↗ · last fetched 2026-06-01