Groww’s INR 7,000 Cr+ IPO, Zepto’s Marketing Mantra & More

Groww Sets Sail For IPO

Groww has finally filed its updated DRHP with SEBI for an INR 7,000 Cr+ IPO. The investment tech unicorn’s public issue will comprise a fresh issue of shares worth INR 1,060 Cr, as well as a massive OFS component of 57.4 Cr shares, likely worth INR 5,000-6,000 Cr.

Backers including Peak XV, Tiger Global and Ribbit will partially exit through the IPO, while cofounders Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal will offload 10 Lakh shares each. 

Back In The Black: As per the updated DRHP, the company swung…