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Groww, and the New Rules of Going Public; OpenAI may spark AI Goldrush for PEs?

Groww, and the New Rules of Going Public; OpenAI may spark AI Goldrush for PEs?

30 Sep 2025, 13:50 PM

August 29th Edition: We track Groww’s hush-hush IPO filing and why unicorns are choosing silence over spotlight; and how OpenAI’s India office could ignite a PE gold rush in AI.

PhonePe files for Rs 12,000 crore IPO via confidential route

PhonePe files for Rs 12,000 crore IPO via confidential route

24 Sep 2025, 13:26 PM

The IPO is expected to be a complete offer for sale (OFS).

Peak XV-backed Groww files revised papers for Rs 7,000 crore IPO

Peak XV-backed Groww files revised papers for Rs 7,000 crore IPO

17 Sep 2025, 11:48 AM

The public issue comprises a fresh share issuance worth Rs 1,020 crore and an offer for sale (OFS) of around Rs 5,000 crore by existing shareholders.

Pine Labs gets SEBI nod for IPO

Pine Labs gets SEBI nod for IPO

16 Sep 2025, 12:10 PM

Pine Labs, which competes which other fintech companies such as Paytm, Walmart's PhonePe and Razorpay, had filed draft papers for its IPO in June.

Insurtech startup Turtlemint files IPO papers via confidential route

Insurtech startup Turtlemint files IPO papers via confidential route

07 Sep 2025, 11:05 AM

Turtlemint said it has filed the pre-filed DRHP with SEBI and the stock exchanges, in relation to the proposed IPO.

Stock broker Groww gets Sebi nod for $1 billion IPO

Stock broker Groww gets Sebi nod for $1 billion IPO

28 Aug 2025, 23:13 PM

The markets regulator has given approval to Groww's IPO papers, which the platform had filed confidentially in May.

Lenskart IPO: Franchisees complain to SEBI over disclosure lapses

Lenskart IPO: Franchisees complain to SEBI over disclosure lapses

28 Aug 2025, 16:18 PM

The complaint accuses Lenskart of suppressing details of criminal proceedings, misrepresenting financial records, and misleading investors in its IPO papers.

Kissht files draft paper for IPO, eyes Rs 1,000 crore via fresh issue

Kissht files draft paper for IPO, eyes Rs 1,000 crore via fresh issue

19 Aug 2025, 18:41 PM

Kissht plans to allocate around Rs 750 crore to strengthen the capital foundation of its non-banking financial company subsidiary, Si Creva.

Complaint filed with SEBI against hBits over disclosure concerns amid family feud

Complaint filed with SEBI against hBits over disclosure concerns amid family feud

17 Jul 2025, 15:40 PM

A complaint with Sebi claims hBits suppressed "material information" while applying for SEBI's approval to launch the SM-REIT.

MobiKwik enters stock broking business

MobiKwik enters stock broking business

03 Jul 2025, 16:31 PM

SEBI has issued the certificate of registration to operate as “stock broker/clearing member” to Mobikwik Securities Broking Pvt Ltd.

Pine Labs set to file DRHP for IPO by June-end

Pine Labs set to file DRHP for IPO by June-end

11 Jun 2025, 14:02 PM

The Noida-headquartered company has been reportedly planning to float its IPO by the end of this year.

Groww agrees to acquire Fisdom in $150 million all-cash deal

Groww agrees to acquire Fisdom in $150 million all-cash deal

19 May 2025, 16:18 PM

The acquisition, which is pending regulatory approval from Sebi, is expected to finalise within two to three months.

Groww pays Rs 34 lakh to settle SEBI case linked to tech glitch

Groww pays Rs 34 lakh to settle SEBI case linked to tech glitch

19 May 2025, 15:03 PM

The case stemmed from a technical glitch that occurred on January 23, 2024, which rendered Groww’s brokerage services inaccessible during trading hours.

The Head and Tale Impact: Strata surrenders SM-REIT licence; SEBI warns investors

The Head and Tale Impact: Strata surrenders SM-REIT licence; SEBI warns investors

14 May 2025, 10:10 AM

Sebi has issued a cautionary note to investors after accepting the surrender of registration by Strata SM-REIT.

Paytm Money gets Sebi approval to operate as research analyst

Paytm Money gets Sebi approval to operate as research analyst

18 Mar 2025, 20:59 PM

The approval allows Paytm Money to provide SEBI-compliant research services, which include investment insights, research reports and data-driven analysis.

Two senior executives quit Navi to start asset management company

Two senior executives quit Navi to start asset management company

18 Mar 2025, 20:54 PM

Former Navi VPs Shobhit Agarwal and Apurv Anand are planning to start the venture with Sebi’s Portfolio Management Services (PMS) license.

PB Fintech

PB Fintech's Yashish Dahiya settles insider trading case with Sebi

05 Mar 2025, 22:12 PM

PB Fintech, parent entity of Policybazaar and Paisabazaar, has settled a case of alleged insider trading with Sebi by paying Rs 9.4 lakh as settlement amount.

Finance Secretary Tuhin Kanta Pandey appointed as new SEBI chief

Finance Secretary Tuhin Kanta Pandey appointed as new SEBI chief

28 Feb 2025, 15:30 PM

He will succeed Madhabi Puri Buch, whose tenure as SEBI chief ends on February 28, 2025.

Paytm Money pays Rs 45.50 lakh fine to settle case with Sebi

Paytm Money pays Rs 45.50 lakh fine to settle case with Sebi

20 Feb 2025, 23:09 PM

In a settlement order, Sebi said it had issued a show-cause notice to Paytm Money for violating several provisions of the SEBI Act, 1992.

Former Paytm official, directors pay Rs 3.32 crore to settle case with Sebi

Former Paytm official, directors pay Rs 3.32 crore to settle case with Sebi

18 Jan 2025, 17:04 PM

According to Sebi, directors failed to discharge duties with unbiased approach while decision-making with respect to matters involving benefits to Paytm CEO Vijay Shekhar Sharma.

Sebi slaps Rs 6 lakh fine on Ebix for disclosure lapses in DRHP

Sebi slaps Rs 6 lakh fine on Ebix for disclosure lapses in DRHP

24 Dec 2024, 23:13 PM

Sebi found that crucial information, such as regulatory actions and financial plans, was omitted in the draft red herring prospectus.

Scammers impersonate investment apps amid rising fraud

Scammers impersonate investment apps amid rising fraud

09 Dec 2024, 15:13 PM

Scammers are on the rise, targeting trusted names like Paytm Money, Zerodha, Groww, and Aditya Birla with fake apps designed to deceive investors.

In Charts: MobiKwik plans Rs 572 crore IPO. Why its financial services play deserves attention

In Charts: MobiKwik plans Rs 572 crore IPO. Why its financial services play deserves attention

07 Dec 2024, 01:40 AM

While the company has disclosed financials till Q1FY25, the FY25Q2 and FY25Q3 will give a clear view on the performance of MobiKwik.

Unifi Asset Management receives Sebi nod to launch mutual fund business

Unifi Asset Management receives Sebi nod to launch mutual fund business

14 Nov 2024, 22:13 PM

Unifi has about Rs 27,000 crore ($3.2 billion) in assets under management (AUM) as of 31st October 2024).

Former PayU exec’s startup raises $25.5 million in seed round

Former PayU exec’s startup raises $25.5 million in seed round

05 Nov 2024, 02:34 AM

The company plans to use the funds to enhance product innovation and broaden its offerings, particularly in global investment tools, AI-driven university counseling, and cross-border payment solutions.

Fintech highlights of the day

Fintech highlights of the day

05 Oct 2024, 15:27 PM

Jio-BlackRock gets Sebi's in-principle nod to set up mutual fund biz; Sachin Bansal-led Navi Finserv's revenue from operations fell to Rs 1,906 crore in FY24 from Rs 2,041 crore in FY23; Paytm promotes Deependra Singh Rathore to CTO.

Hindenburg says SEBI chief Madhabi Puri Buch’s response confirms ‘massive conflict of interest’

Hindenburg says SEBI chief Madhabi Puri Buch’s response confirms ‘massive conflict of interest’

12 Aug 2024, 16:21 PM

The US-based short seller said Madhabi Buch's response "includes several important admissions" and "raises numerous new critical questions."

'Madhabi Puri Buch made relevant disclosures': Sebi on Hindenburg report

12 Aug 2024, 15:37 PM

Also, Madhabi Puri Buch and her husband Dhaval Buch, in a joint statement, described the Hindenbirg claims as "baseless allegations and insinuations" devoid of truth.

Sebi chief Madhabi Puri Buch had hidden stakes in Adani

Sebi chief Madhabi Puri Buch had hidden stakes in Adani's offshore funds: Hindenburg

11 Aug 2024, 03:45 AM

SEBI Chairperson and her husband, Dhaval Buch, had hidden stakes in the exact same obscure offshore Bermuda and Mauritius funds, found in the same complex nested structure, used by Vinod Adani, the report said.

Who Reads Us

Fintech Highlights

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  2. India's payments revolution faces a new test: Securing a growing ecosystem

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  5. UNLEASH Capital Partners hits final close of first fund at Rs 300 crore
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AI/Emerging Tech

  1. Anthropic ropes in ex-Stripe CTO Rahul Patil as chief technical officer

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  3. OpenAI partners with Samsung, SK to expand AI infra under Stargate project

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  5. Former Google, OpenAI researchers floated startup Periodic Labs bags seed funding
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Money & Machines

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Editor's Pick

  1. Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality