Tech
Early investors set for big paper gains in Groww IPO; founders’ stake valued at over Rs 16,000 crore
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Early backers and promoters of Groww’s parent, Billionbrains Garage Ventures, are set to make significant paper gains as the Bengaluru-based investment platform prepares for its initial public offering (IPO).
Groww’s four cofounders — Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh — together hold 26.6% stake, now valued at over Rs 16,000 crore, according to the company’s red herring prospectus (RHP).
Chief executive Keshre, who owns 9.12%, will see his holding valued at around Rs 5,591 crore. Jain, the chief operating officer with…
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