Archive · 26 Jun 2025
Groww's AUM Near Rs 2,000 Crore as IPO Approaches
Groww, a company getting ready to sell stock to the public (IPO), has seen its mutual fund business grow a lot.
Their investments have grown from a little over Rs 300 crore to nearly Rs 2,000 crore in about a year, due to acquiring another company.
Groww is also planning to raise a large sum of money through its IPO.
They focus on making it easy for people to understand and start investing.
The company also recently bought another wealth management platform called Fisdom.
Groww, an IPO-bound company, is seeing a significant rise in its mutual fund assets under management (AUM).
The company's AUM has reached nearly Rs 2,000 crore as of May 2024.
This represents a six-fold increase since acquiring Indiabulls Asset Management Company in May 2023.
Groww filed confidential papers for an IPO with a target valuation of $7 billion.
Groww's strategy centers on simplicity and educational onboarding.
- Who
- Groww, an IPO-bound company.
- What
- Groww's mutual fund AUM has increased significantly and the company is preparing for an IPO.
- When
- AUM reached nearly Rs 2,000 crore as of May 2024, and the company acquired Indiabulls in May 2023.
- Where
- N/A
- Why
- Groww is aiming to broaden its footprint and attract investors.
- AUM
- Nearly Rs 2,000 crore (May 2024)
- Increase in AUM
- Six-fold since May 2023
- Acquisition
- Indiabulls Asset Management Company (May 2023)
- IPO Valuation (Target)
- $7 billion
- Recent Investment
- $200 million from Iconiq Capital and GIC
- Acquisition
- Wealth management platform Fisdom ($150 million)
