Analysis · Financial Services

Groww CEO identifies deeptech as India's next growth phase

By Startup Enthusiast · 26 September 2026

What they do

Groww is a digital investment platform providing access to stocks, mutual funds, derivatives, and credit products for retail investors

CEO Lalit Keshre stated that deeptech is the next major innovation cycle for India, shifting focus from consumer-facing fintech applications

The company, which went public in 2025, currently serves 23.5 million transacting users and manages over ₹3.75 lakh crore in assets

CEO Lalit Keshre highlighted deeptech as the primary driver for India's next wave of technological innovation.
Keshre noted that the infrastructure for scaling complex engineering firms in India is finally reaching maturity.
The company maintains a focus on long-term customer value rather than short-term fluctuations in its stock price.
Groww supported the introduction of a 0.4% Merchant Discount Rate (MDR) on specific UPI transactions exceeding ₹2,000.
The platform reported 23.5 million transacting users and ₹3.75 lakh crore in customer assets as of September 2026.
The firm transitioned to a public entity in November 2025 after raising ₹6,632.3 crore through an IPO.

The Indian startup ecosystem is shifting from pure consumer-facing fintech toward foundational technology and deeptech sectors.
Regulatory bodies have introduced new processing fees on large UPI transactions to ensure the sustainability of payment infrastructure.
Publicly listed financial platforms are increasingly prioritizing sustainable unit economics over aggressive, high-growth acquisition models.

Groww offers a comprehensive suite of financial products including stocks, mutual funds, ETFs, and derivatives.
The platform provides tools for IPO tracking, margin trading, and commodity trading.
It operates a direct mutual fund model that eliminates middleman commissions for retail investors.
The company provides a terminal interface for advanced traders to view charts, indicators, and order books.
Revenue is generated through brokerage fees on equity delivery and F&O trades, alongside other financial service offerings.
The platform serves a broad base of retail investors across India through its mobile application and web portal.

The company plans to continue focusing on customer-centric operations following its transition to a public entity.