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Award · Financial Services

Groww wins Startup of the Year at 2026 awards

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Groww logo
Date
Company
Groww
What it does
Investment and stockbroking platform
Kind
Award
Stage
public
Based in
Bengaluru
Founded
2016
Sector
Financial Services

What they do

Groww is a digital investment platform offering stocks, mutual funds, derivatives, and wealth management services to millions of Indian retail investors

What happened

The company was named Startup of the Year at the 12th ET Startup Awards, recognized for its rapid scale, profitability, and successful public listing

Why it matters

Despite market headwinds, the firm continues to expand its financial product suite and leverage artificial intelligence to improve customer service and…

The details

  • Groww took home the top honor of Startup of the Year at the 12th ET Startup Awards in August 2026.
  • The selection committee picked the company for its massive scale, strong profitability, and smooth shift to public markets.
  • The brokerage served upwards of 13.1 million active traders by July 2026 while overseeing Rs 3 lakh crore in total client assets.
  • Groww's parent entity, Billionbrains Garage Ventures, completed an initial share sale of Rs 6,632 crore in late 2025, and its stock has surged.
  • The business generated Rs 2,083 crore in net profit for the financial year 2026, rising 14% from the prior fiscal period.
  • Chief executive Lalit Keshre noted that key forward areas are core infrastructure, wealth management products, and AI tools.

The bigger picture

  • Panelists debated whether public equity status ends startup standing, but decided rapid ongoing expansion keeps Groww eligible.
  • Groww maintained momentum against rivals like Zerodha, adding clients even as regulatory clampdowns slowed trading activity across the sector.
  • The panel meeting was headed by Wipro chairman Rishad Premji alongside several top business founders.

About the business

  • Groww runs an online marketplace for trading equities, mutual funds, fixed-income bonds, derivatives, and commodities.
  • The platform supports portfolio leverage products, including margin funding and credit backed by securities.
  • The company bought wealth management provider Fisdom in a Rs 961 crore transaction to strengthen its advisory arm.
  • Retail users access specialized investment resources, such as SIP planners and trade cost estimators.
  • Operating revenue for the April to June 2026 stretch reached Rs 1,501 crore, showing a 66% yearly improvement.

What happens next

  • The company plans to prioritize the development of AI-driven personalization for its mobile application.
  • Groww intends to scale its offerings in bonds and loans against securities.

The deal

Type
IPO

Founders

  • Lalit Keshre, CEO
  • Harsh Jain, Founder
  • Ishan Bansal, Founder
  • Neeraj Singh, Founder

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