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Pine Labs, which got listed on the bourses last year, has earlier acquired companies including Setu, Fave and QwikCilver.
The funding round saw participation from Bain Capital Ventures, Fidelity Management & Research Company, Tiger Global, and existing investors Benchmark and Conviction.
The investigation unit has registered a case under the Banning of Unregulated Deposit Schemes (BUDS) Act, 2019, and the probe is on.
The IPO will be a pure offer for sale (OFS) of up to 5.06 crores and it will not involve fresh capital raise.
Its net profit increased 40% to Rs 240.3 crore in FY25 from Rs 171.1 crore in FY24.
Over the past three years, millions of young investors bought their first stock on Groww. Now, it's listing itself to the very users who made it India’s largest broker.
An international gang, which was operating from Dubai, China, Hong Kong, and the Philippines, was behind the hacking.
Total expenses of the startup fell 18% to Rs 160 crore in the last financial year from Rs 195 crore in FY24.
The IPO is expected to be a complete offer for sale (OFS).
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.
The Bengaluru-based startup is committing Rs 200 crore to the vertical that it seeks to make it into a full-stack healthcare platform.
The Tiger Global-backed Plum Insurance saw its losses decline by 54% to Rs 25.5 crore from Rs 55 crore in FY23.
The B2B marketplace and fintech lender OfBusiness has appointed Axis Capital, Morgan Stanley, JPMorgan, Citigroup and Bank of America for its $1 billion IPO.
The Gurugram-based wealth-based fintech witnessed its losses grow to Rs 82.55 crore in FY24 from Rs 73.87 crore in FY23.
