Groww in Advanced Talks with GIC, Tiger Global for $200 Mn Pre-IPO Funding Round
Bengaluru, March 26, 2025 – Indian investment tech unicorn Groww is reportedly nearing a significant milestone as it engages in advanced discussions with Singapore’s sovereign wealth fund GIC and existing investor Tiger Global to secure a mega funding round. Sources indicate that the Bengaluru-based company is aiming to raise $200 million (approximately INR 1,700 crore), a deal that could peg its valuation at an impressive $6.5 billion.
Founded in 2017 by Lalit Keshre, Neeraj Singh, and Ishan Bansal, Groww has rapidly emerged as a leading player in India’s wealthtech and stockbroking space. The online discount broking platform empowers users to invest seamlessly in stocks, exchange-traded funds (ETFs), and initial public offerings (IPOs), catering to a growing base of retail investors in the country. This latest funding round is seen as a strategic move to bolster its war chest ahead of a highly anticipated IPO, signaling confidence in its growth trajectory and market potential.
The talks with GIC, one of the world’s most prominent sovereign wealth funds, and Tiger Global, a veteran backer of Groww, underscore the startup’s appeal to global institutional investors. The $200 million infusion is expected to fuel Groww’s expansion plans, enhance its technological infrastructure, and strengthen its competitive edge in India’s increasingly crowded fintech landscape.
Groww’s rise reflects the broader surge in retail investing in India, driven by digital platforms that have democratized access to financial markets. With a user-friendly interface and a low-cost model, the company has capitalized on this trend, positioning itself as a go-to platform for millions of young investors.
While Groww has not officially commented on the funding talks or its IPO timeline, industry observers view this development as a precursor to its public market debut. If successful, the $6.5 billion valuation would cement Groww’s status as one of India’s top-tier unicorns, further heating up the race among fintech startups vying for dominance in the wealth management sector.