IPO-Bound Groww Issues Bonus CCPS To Peak XV, Other Backers

The transaction will also result in collapse of the differential voting rights held by Groww cofounders Harsh Jain, Lalit Keshre, Neeraj Singh and Ishan Bansal

There was no clarity on the quantum of bonus CCPs allotted to the Groww’s investors, which were issued to existing backers at no extra cost

This comes close on the heels of reports that Groww is looking to file its DRHP with SEBI for a $1 Bn IPO by April-May this year

IPO-bound fintech platform Groww’s parent Billionbrains Garage Ventures Private Ltd has…