Groww

Deep dive audio on business side, not a recommendation to buy or sell do your due diligence

1. Company Overview

Billionbrains Garage Ventures Limited, operating under the brand name “Groww,” is a direct-to-customer digital investment platform. It was incorporated as a private limited company on January 9, 2018, and later converted to a public limited company on April 11, 2025. The company’s registered and corporate office is in Bengaluru, Karnataka, India.

1.1. Business Model and Products

Groww provides wealth creation opportunities through a comprehensive suite of financial products and services accessible via its application and website. The platform is designed for a seamless, Do-It-Yourself (DIY) investing experience.

• Broking Services:

◦ Stocks: Trading in equities listed on NSE and BSE, including IPOs for both mainboard and SME platforms.

◦ Derivatives: Trading in futures and options.

• Other Products & Services:

◦ Mutual Funds: Investment in a wide range of mutual funds, including those managed by its subsidiary, Groww Asset Management Company.

◦ Margin Trading Facility (MTF): Allows customers to leverage their capital for trading.

◦ Consumer Credit: Offers personal loans and loans against securities, both through third-party partnerships and via its on-balance sheet NBFC subsidiary, Groww Creditserv Technology Private Limited.

◦ Groww UPI (GUPI): An in-house UPI payment system that handled 77.84% of total customer deposit transactions in the three months ended June 30, 2025.