Groww IPO: Promoters to pocket Rs 40 crore, set for up to 4,950% windfall as fintech unicorn readies for listing

Groww IPO: Promoters to pocket Rs 40 crore, set for up to 4,950% windfall as fintech unicorn readies for listing

Online brokerage Groww’s founders are set for a massive payday as the Bengaluru-based fintech gears up for one of India’s most-awaited public listings next week. At the upper end of the IPO price band, the company’s four co-founders will together pocket Rs 40 crore, marking windfall gains of up to 4,950% from their original investment. … Read more

Rapid growth in mutual funds, insurance investments, and health & wellness spending among Indians, reveals new Razorpay report

Rapid growth in mutual funds, insurance investments, and health & wellness spending among Indians, reveals new Razorpay report

When it comes to wealth creation and securing one’s financial future, it seems this issue is dominating the minds of Indians. According to a new report put out by the fintech unicorn, Razorpay, investments in mutual funds surged by an impressive 86% and insurance payments witnessed a significant 56% growth for the period FY24. Additionally, … Read more