Groww gets Sebi nod for up to $1 billion IPO

Bengaluru: Online investment platform Groww has received regulatory approval from Sebi to launch its IPO, according to people aware of the matter. The offering is expected to raise up to $1 billion. The fintech, incorporated under Billionbrains Garage Ventures, filed its draft red herring prospectus (DRHP) with Sebi on May 26.