Groww Co-founders Pocket Over ₹700 Crore via Incentives and Secondary Sales

As per the news reports, Digital investment platform Groww’s co-founders have taken home massive payouts ahead of the Bengaluru-based unicorn’s upcoming public listing. The latest disclosures in its updated draft prospectus reveal a combination of incentives and share sales that delivered substantial gains to the founding team.

₹614 Crore Incentive Boost for Co-founders

In FY25, Groww’s co-founders Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal collectively received a one-time incentive of ₹614 crore. This payout, accrued under a long-term incentive plan in FY24, significantly increased the company’s employee cost base for that year. With no repeat payments in FY25, overall employee benefit expenses declined sharply.

₹104 Crore from Secondary Share Sales

On July 23, 2025, the co-founders also sold 1.08 crore shares to ISP VII-B Blocker GW, Ltd., an affiliate of ICONIQ Capital. The shares were sold at ₹96.56 each, generating a total of ₹104 crore. Although they are also selling up to 10 lakh shares each in the IPO, these earlier payouts show the founders have already monetised a part of their stake.

Strong Financial Growth Ahead of IPO

For FY25, Groww reported a strong revenue increase of 50%, rising to ₹3,902 crore from ₹2,609 crore a year earlier. The company turned profitable with ₹1,824 crore profits compared to a ₹805 crore loss in FY24. In Q1 FY26, it posted ₹904 crore revenue and profit of ₹378 crore, driven by a growing base of 18.07 million transacting users, including 14.38 million active clients.

Read More: Groww Prepares for IPO, Could Be Valued at ₹80,000 Crore!

IPO and Promoters’ Shareholding

Groww’s ₹7,000 crore IPO includes a fresh issue of ₹1,060 crore along with a large secondary offload from existing shareholders. Despite recent cash realisations, the co-founders still collectively own about 22% of the company. These shares will be locked in post-listing, ensuring continued promoter alignment with the firm’s public market journey.

Conclusion

Groww’s co-founders have already pocketed over ₹700 crore in incentives and share sales ahead of its ₹7,000 crore IPO. Backed by strong financial results and a rapidly expanding user base, the company moves forward to one of the most-awaited listings in India’s digital investment space.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities are subject to market risks. Read all related documents carefully before investing.