Groww secures SEBI nod for IPO

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…