IPO-bound Groww records Rs 1,820 crore net profit; raises fresh capital
13 Jun 2025, 01:16 PMThe stock-broking firm saw its net profit reaching Rs 1,819 crore in FY25, compared to a net loss of Rs 798.76 crore in FY24.
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Stock broking platform Groww has seen its revenue from operations jump to Rs 3,844 crore in the financial year ending March 2025, against Rs 2,958 crore in FY24, according to the company's Registrar of Companies filings.
The 'other income' during FY25 stood at Rs 212 crore, taking the total revenue to Rs 4,056 crore. In FY24, the company's total revenues stood at Rs 3,145 crore.
The Bengaluru-based company saw its net profit reaching Rs 1,819 crore in FY25, compared to a net loss of Rs 798.76 crore in FY24. The FY24 losses were driven by a one-time tax expense of Rs 1,340 crore related to its domicile shift to India.
In FY24, Groww, which counts Microsoft CEO Satya Nadella as one of its prominent backers, also closed a $200 million funding round at $7 billion led by Singapore's sovereign wealth fund GIC, a person close to the development said.
The fresh capital raise come ahead of its planned initial public offering (IPO).
Groww, founded in 2016, had last raised $251 million as part of its Series E funding led by Iconiq Growth in October 2021 at $3 billion valuation. That capital raise had come after the company had secured $83 million led by Tiger Global in little over six months during the startup funding boom in India.
Other investors in Groww include Peak XV Partners, Ribbit Capital, Propel Venture Partners, Alkeon, Lone Pine Capital and Steadfast.
Recently, other fintech startups like Razorpay and Pine Labs also moved their domicile of their holding company to India as regulations over listing ease. Pine Labs is expected to file the draft red herring prospectus (DRHP) for its IPO with the market regulator by the end of this month.
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