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The Latest Breaking News from Groww

AI spooks IT valuations; Groww promoters cut stake

AI has pushed valuations of India’s top IT firms to 2008-09 levels. This and more in today’s ETtech Top 5.

The Economic Times

Groww promoter group sells 0.23% stake for around Rs 250-260 crore

Groww's promoter group has sold a stake worth approximately Rs 250-260 crore. This follows significant sales by early investors like Peak XV Partners and Y Combinator. The wealthtech startup, cofounded by Lalit Keshre and others, has seen its share price rise substantially since its IPO.

The Economic Times

Ex-Peak XV trio launches Mettle Capital, targets $350–400 million fund to back Indian startups

Three former Peak XV Partners, Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, have launched Mettle Capital. The new venture capital fund aims to raise $350-400 million. Mettle Capital will invest in Indian startups at Series A and B stages, with selective seed bets. The fund plans to close its fundraising…

The Economic Times

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Scoop: Ex-Peak XV trio launches Mettle Capital, targets $350–400 million fund to back Indian startups

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Thursday

Domestic equity benchmarks ended marginally higher after four sessions of losses, supported by gains in metal, energy and consumer stocks. Analysts cautioned that bearish technical indicators and resistance near key levels could keep markets volatile, while broader sentiment remained tilted toward selective selling pressure.

The Economic Times

Groww shares jump 6% even as Peak XV, two other US investors sell stake worth Rs 5,326 crore. What lies ahead?

Billionbrains Garage Ventures shares rebounded on Wednesday, recovering Tuesday’s losses triggered by a Rs 5,326 crore stake sale by Peak XV Partners, Ribbit Capital, and YC Holdings. The investors sold over 29.5 crore shares via bulk deals at an average price of Rs 180.43 apiece, a 1.5% discount to the…

The Economic Times

Groww investors reap bumper returns; Lightspeed’s India rethink

Happy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dispatch.

The Economic Times

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Ahead of Market: 10 things that will decide stock market action on Wednesday

Indian equity markets extended losses for a fourth straight session as broad-based selling in IT, banking, auto, and consumer stocks dragged benchmarks lower. Weak global cues, rising inflation data, and technical breakdowns deepened bearish sentiment, with analysts warning further downside toward key support levels.

The Economic Times

Groww investors make bank; Mobikwik, Fractal's Q4 profits surge

Groww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.

The Economic Times

Peak XV, YC and Ribbit pocket up to 94x returns from Groww stake sales as IPO lock-in ends

Groww's early investors have sold shares after their IPO lock-in period ended. This move has generated massive returns for firms like Peak XV, Ribbit Capital, and Y Combinator. The block deal involved millions of shares. Groww's stock has seen significant growth since its listing.

The Economic Times

Groww shares sink 7% as Peak XV, Sequoia, others launch Rs 5,637-crore stake sale amid IPO lock-in expiry

Existing investors in Billionbrains Garage Ventures, parent of Groww, share price tanked 7% after Rs 5,637 crore block deal through secondary market transactions. The deal, involving Peak XV, Ribbit and Sequoia-backed entities, is priced at an 8.5% discount to the prevailing market price and may keep the stock in focus…

The Economic Times

Stocks in news: Groww, Dr Reddy's, Waaree Energies, Lenskart, SBI

Markets experienced a sharp risk-off session on Monday, with indices declining amid broad selling. Investors are advised to avoid aggressive index bets and await clearer directional signals. Pharma and healthcare stocks remain preferred, while dips in energy and metal sectors offer accumulation opportunities.

The Economic Times

Instant househelp orders jump; Agnikul eyes new funding

Happy Monday! Instant house help startups collectively reached three million monthly bookings in April. This and more in today's ETtech Morning Dispatch.

The Economic Times

Fintechs looking to AI to unlock opportunities, cost efficiencies

India's leading fintech firms, including Paytm, PB Fintech, and Groww, are aggressively expanding into new business areas like wealth management and AI-driven services to fuel future growth. These companies are leveraging artificial intelligence to enhance customer experiences, improve operational efficiency, and unlock new revenue streams, marking a significant shift in…

The Economic Times

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Evening Standard

Global websites down as Cloudflare ‘investigating’ fresh issues

A number of websites and platforms were affected, including the DownDetector site used to monitor online service issues.

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