Reported about 4 hours ago
Groww, India's leading retail brokerage firm backed by Microsoft CEO Satya Nadella, is set to debut on the public markets with a multi-billion-dollar IPO after returning its headquarters from Delaware to India. This move not only positions Groww to become the first Indian startup to list domestically after relocating from the U.S., but also reflects a trend among startups to align with local regulations and capitalize on India’s expanding retail investor base. The IPO is expected to raise ₹10.6 billion and value the company at $9 billion.
Source: YAHOO