PANews reported on January 13 that according to TechCrunch, India's leading retail stock trading platform Groww is preparing to launch an IPO in the next 10 to 12 months, with a target valuation of US$6 billion to US$8 billion, more than double its valuation of US$3 billion in its last round of financing in 2021. Bangalore-based Groww will become India's first digital trading platform IPO. Its investors include Peak XV, Tiger Global and Alkeon. The company has begun negotiations with investment banks and will soon select IPO advisors. Last year, in order to cooperate with the IPO plan, Groww moved its registered place from the United States to India.

According to data from the National Stock Exchange of India, Groww had 13.2 million active users in December 2024, far exceeding its competitor Zerodha's 8.1 million users, with 325,000 to 550,000 new users per month, more than twice that of its competitors. The listing boom of Indian technology companies is accelerating, with 13 startups going public in 2024 alone, including the $1.35 billion IPO of food delivery platform Swiggy, which became one of the largest technology IPOs in the world last year. More than 20 Indian startups are expected to go public in 2025. The total market value of the Indian market has increased to $5.3 trillion, and the average daily trading volume has increased to $15 billion.