Copyright © HT Digital Streams Limit all rights reserved. Rwit Ghosh 2 min Read 12 Jun 2025, 11:43 pm Ist The Bengaluru-based startup recorded a profit of £ 545 in FY24. (IStockphoto) Summary together with the profit of profit, sources confirmed that the startup has closed its $ 200 million series F finance round. The investment was led by the Government of Singapore Investment Corporation (GIC), the Sovereign Wealth Fund of the Island Nation. With this, the valuation of the company stands at $ 7 billion. Groww Share Brok Groww saw its profit jumping more than threefold in FY25 to £ 1,819 crore, people familiar with the case, while preparing the investment platform to start its initial public offer (IPO). The Bengaluru-based startup recorded a profit of £ 545 in FY24. The company’s turnover rose to £ 4.056 crore, an increase of 31% against FY24. Also read: Whatfix Programs AI’s Money Spin role, as it tightens for the IPO when contacted, a spokeswoman for the GrowW spokesman denied to comment. In FY24, however, the company paid a one -time tax at £ 1.340 crore, resulting in a net loss of £ 805 at the consolidated level. The company moved its registered office from Delaware in the US to Bengaluru during the financial year. Groww’s FY24 numbers are dwarfed by its direct competitor, Zerodha, who beat £ 8,320 crore and £ 4,700 crore gains. Financing of series F together with the profit in profit, sources confirmed that the boot has closed its $ 200 million series F finance round. The investment was led by the Government of Singapore Investment Corporation (GIC), the Sovereign Wealth Fund of the Island Nation. Existing investors Iconiq Capital also participated in the latest round. With this round, the valuation of the company is at $ 7 billion. Mint previously reported that VigGo Investment Pte., The Investment Entity of Gic, the Competition Commission of India (CCI) has approached for approval to acquire a 2,143% stake in Groww. Also read: Why Pocket FM bet on a custom language model, the closure of the latest round is an important step in the valuation of Groww. The valuation of the company in 2021, when it last raised money, stood at $ 2.8 billion, after a range of $ 251 million led by Iconiq Capital, according to TracXN, a Startups data intelligence platform. Institutional investors in Groww include Y-Combinator, Tiger Global, Ribbit Capital and Peak XV Partners. Angel investors in the start includes the people like Microsoft’s Satya Nadella as well as Mukesh Bansal of Myntra fame. Month after the numbers of DrHP Groww barely submit its concept paper with the Securities and Exchange Board of India barely a month after the company submitted. The start is looking for between $ 700 million and $ 1 billion from a public offer. Groww has JPMorgan Chase & Co. and Kotak Mahindra Bank Ltd. as its banks selected for his upcoming initial public offer. Also read: Bessemer Venture Partners appoint a new partner to focus on AI, Enterprise Tech in the run -up to its IPO. Groww has signed a definite agreement to acquire focomy of wealth technology in an all-cash agreement for about $ 150 million, Mint previously reports. The supporters of the company include Prosus, Saama and Quona Capital. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. More topics #ipo #sebi read next story
IPO-bound Groww See 3x Jump in Profit in FY25
