LALIT KESHRE
Competition doesn’t limit growth in India: Groww’s Lalit Keshre on building a full-stack wealth platform
After steering Groww to a blockbuster IPO in under a decade, Keshre was named Entrepreneur of the Year at The Economic Times Awards for Corporate Excellence 2025, having outpaced legacy bank-backed brokerages and established fintech incumbents.
Infosys weighs CEO change; Groww's Lalit Keshre on next growth bets
Happy Wednesday! Infosys is set to discuss CEO Salil Parekh's tenure and a succession roadmap as it reports Q4 results. This and more in today's ETtech Morning Dispatch.
Apple CEO Tim Cook steps down; HCLTech Q4 report
After 15 years at the helm of Apple, Tim Cook will step down to make way for insider John Ternus. This and more in today's ETtech Top 5.
Groww grants Esops worth around Rs 51 crore after strong Q4 results
Fintech firm Groww has issued 24.32 lakh employee stock options valued at approximately Rs 51 crore. This follows the company's strong Q4 FY26 results, which showed an 87% revenue increase and more than doubled net profit. Groww is also focusing on AI for product development with a lean team.
Tata Digital CEO on company's reset; Groww doubles net profit in Q4
Happy Tuesday! Tata Digital CEO Sajith Sivanandan spoke to us exclusively about the ongoing restructuring at the company under him. This and more in today's ETtech Morning Dispatch.
Groww Q4 FY26 results: Operating revenue surges 87%, net profit more than doubles
Billionbrains Garage Ventures, operating Groww, saw operating revenue surge 87% to Rs 1,505 crore in the March quarter of FY26. Full-year revenue reached Rs 4,644 crore. Net profit more than doubled to Rs 686 crore in the quarter. The company invested Rs 961 crore to acquire wealthtech startup Fisdom, bolstering its wealth management offerings.
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Groww's strong Q4; Iran conflict hits India's GCCs
Fintech major Groww more than doubled its net profit in the fourth quarter of FY26. This and more in today's ETtech Top 5.
Every rupee saved in supply chain costs goes back to customers: Zepto's Aadit Palicha at YC Startup School
Zepto aims to be India's top grocery delivery platform in the next four to five years. Cofounder Aadit Palicha believes this success could position Zepto as India's own Amazon. The company is preparing for a significant IPO, engaging with investors. Palicha highlighted the importance of early focus and operational efficiency in their growth strategy.
India has strong pipeline of ideas, keen to back local founders: Y Combinator’s Ankit Gupta
In an exclusive interview ahead of Y Combinator’s Startup School India 2026 event, Ankit Gupta, the accelerator’s general partner, said the firm remains keen on backing Indian founders, adding that the country has an abundance of great startup ideas because of its ``raw technical talent’’.
Large AI firms hoovering maximum funding, not enough for smaller startups: Y Combinator’s Ankit Gupta
Ankit Gupta spoke to ET ahead of the accelerator’s Startup School event in Bengaluru on April 18 — the first in India. In order to tap aspiring entrepreneurs across colleges and universities, Gupta said YC will be visiting IIT Delhi this week and holding a programme there.
ET Awards for Corporate Excellence 2025: Celebrating India Inc. distinguished icons
The ET Awards for Corporate Excellence 2025 honour 10 outstanding achievers, from policy reformers and business leaders to emerging companies driving India’s corporate renaissance. Here’s the complete list of winners.
Y Combinator brings Startup School to India; here is what it means for your startup
Launched in 2017 by Y Combinator, one of the world’s most influential startup accelerators and early-stage VC firms, Startup School is a free online course that offers personalised coaching and lectures for aspiring founders. The India leg of the school will target engineers, builders, and entrepreneurs interested in the startup ecosystem.
Groww promoter entities pledge 1.8 crore shares worth Rs 302 crore to Aditya Birla Capital
The pledges, created on March 13, cover a total of 1.88 crore shares. At that day's closing price of Rs 161.2, the shares were valued at approximately Rs 302.3 crore.
Groww doubles down on wealth management, lending to diversify revenue base: CEO Lalit Keshre
Groww is stepping up focus on wealth management and lending to reduce dependence on its core broking business, said cofounder and chief executive Lalit Keshre. Lending contributes 6% of revenues, around Rs 232 crore annually, he said. Stock and equity derivatives declined to 73%, indicating a gradual diversification of income streams.
ET Awards for Corporate Excellence 2025: Groww chief Lalit Keshre named entrepreneur of the year
Lalit Keshre, cofounder of Groww, has been recognized as Entrepreneur of the Year for disrupting stock broking and wealth management. The digital-first platform, catering to millennials and Gen Z, has become India's largest mutual fund distribution and stock trading platform, achieving rapid growth while remaining profitable.
Groww’s Q2 revenues drop 9.5% to Rs 1,018 crore, but net profit up 12%
Groww’s operating revenue for the September quarter declined 9.5% year-on-year (YoY) to Rs 1,018 crore, but its net profit went up 12% to Rs 432 crore. The latter was due to a major tightening of its business expenses and a Rs 159 crore provision made last year.
Rs 9,400 crore stake! Groww's dominance on Dalal Street turns founder Lalit Keshre into a billionaire
Groww's founder Lalit Keshre has joined the billionaire ranks with his stake valued at nearly Rs 9,400 crore, following the company's impressive 68% share price surge post-IPO. Keshre emphasized the listing's focus on trust and accountability, aiming to strengthen the brand, expand infrastructure, and scale new businesses for long-term growth.
Early investors Peak XV, YC set for big gains as Groww lists; founders’ stake valued at nearly Rs 20,000 crore
Groww's early investors and founders are poised for substantial gains as the investment platform prepares for its public offering. The cofounders' combined stake is valued at nearly Rs 20,000 crore. Major shareholders like Peak XV Partners and Y Combinator will also see significant valuations. Groww, founded in 2016, has become India's largest online stockbroking platform.
Early investors set for big paper gains in Groww IPO; founders’ stake valued at over Rs 16,000 crore
Groww’s four cofounders — Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh — together hold 26.6% stake, now valued at over Rs 16,000 crore, according to the company’s prospectus.
Groww IPO: Once a misspelt name, now a household name: Cofounder Harsh Jain
Fintech firm Groww went public on Wednesday, becoming the first new-age wealthtech company to list. Cofounders Lalit Keshre, Harsh Jain and Neeraj Singh credited customer trust for its growth. The IPO, worth Rs 6,632 crore, saw shares jump 24% above IPO price, rewarding early investors handsomely.
Groww founders opt out of OFS; Tiger Global trims share sale ahead of IPO
Billionbrains Garage Ventures, owner of Groww, will not have its founders sell shares in the upcoming IPO, according to the company's red herring prospectus. Tiger Global has also cut its share sale. The IPO, priced at Rs 95-100, opens November 4, aiming to raise Rs 7,000 crore and value the company at $8 billion.
Groww founders showered with Rs 600 crore one-time incentives before IPO
Groww's IPO filing reveals significant payouts to its four co-founders. These incentives, totaling over Rs 614 crore, were performance-linked rewards accrued in FY24 and paid in FY25. Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh received substantial bonuses. The company is preparing to go public. Groww is a major player in India's retail investment platform.
Groww launches new feature for users to exit loss-making F&O trades
Given F&O trading is a very risky business and mostly retail traders lose money in this game, Groww has built a feature that will help them exit the trade when they breach a certain loss threshold.
Groww founder Lalit Keshre apologises for tech glitch, silent on compensation
Admitting that he should be more proactive in communicating with customers, Groww founder Lalit Keshre said even a few minutes of downtime can have an adverse impact on customers.
Tech glitches disrupted trading, working on improving systems: Groww CEO
Many Groww customers had complained on social media on Tuesday that they could not log into the app, and some declared they would move away from the platform. To ensure such incidents do not happen again, Groww is building a new parallel system that can act as a fallback in such extreme circumstances, CEO Lalit Keshre said.
Groww brings on board Microsoft chief Satya Nadella as an investor, advisor
“Groww gets one of the best CEOs in the world as an investor and advisor. Glad to see @satyanadella joining us in our mission to make financial services accessible in India,” Keshre tweeted.
Continuity leads $30 million equity financial round in Groww
Groww competes with Steadview Capital and Tiger Global-backed IndWealth and Accel Partners’ portfolio company Scripbox in providing an online investing platform to consumers and retail investors, which allows them to invest in mutual funds and stocks.
Lalit Keshre's lockdown schedule includes 11-hour workshift, followed by family time, board games
The Groww boss shares his work, exercise and leisure schedule during the lockdown.
Groww boss read 30 books in 2019, 'Trillion Dollar Coach' taught him a valuable work lesson
Lalit Keshre read 'Skin in the Game' twice in the last year.
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