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Digital investment platform Groww has received approval from the Securities and Exchange Board of India (Sebi) to float its initial public offering (IPO), according to a Moneycontrol report.
The estimated IPO size to be in the range of $800 million to $1 billion.
The development comes months after Groww’s parent entity, Billionbrains Garage Ventures Ltd, raised Rs 1,735 crore (~$200 million) in June from Singapore’s sovereign wealth fund GIC and existing backer ICONIQ Capital. It was exclusively decoded by Entrackr.
The Bengaluru-based fintech had…
