Online investment platform Groww files for a confidential IPO, aiming to raise up to $1 billion.

Online investment platform Groww has confidentially filed for an IPO, aiming to raise up to $1 billion. The company, valued at $7 billion, plans to list its shares by the end of this year. Groww's filing allows it to seek regulatory approval without public disclosure, offering flexibility in its IPO plans. The company, which has a market share of over 26%, aims to use the funds for technology and business expansion. Despite a net loss in FY24 due to a one-time tax expense, Groww reported operational profitability.