Billionbrains Garage Ventures (BGV), the parent of Groww, is a Bengaluru-based fintech founded in 2018 that operates across retail broking, mutual funds, and lending through subsidiaries like Nextbillion Technology (discount broking) and Groww CreditServ (lending). The company has scaled rapidly, with FY23 consolidated income of ~₹1,420 crore and PAT of ~₹449 crore, supported by strong capitalization and a growing retail investor base. It has filed for an IPO estimated at ~₹7,000 crore (fresh issue plus OFS), with proceeds aimed at expanding into margin trading, commodities, wealth products, and lending, while continuing to face risks tied to capital market cycles and regulatory shifts.
Billionbrains Garage Ventures Limited (Groww)
Billionbrains Garage Ventures Limited (Groww)
INE0HOQ01053
Incorporation Date: 09-Jan-2018
Listing Status: Now Listed
About Billionbrains Garage Ventures Limited (Groww)
Billionbrains Garage Ventures Private Limited (BGVPL), as per its annual filings, is engaged in the business of software designing, maintenance, testing and benchmarking, designing, developing computer software and solutions, and also to carry on the business of providing, building, organizing of software tools, marketing, and innovation of licensed software and consultancy services. The company operates the web and app-based technology platform, 'Groww'. It offers services related to mutual funds, stocks, futures, and options, among other services. BGVPL was incorporated in 2018 and has its registered office located in Bangalore, Karnataka.
Overview of Billionbrains Garage Ventures Limited (Groww)
Insights of Billionbrains Garage Ventures Limited (Groww)
📊 Industry Overview – Indian Retail Broking & Wealth-Tech
1. Market Size & Growth
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India has over 130 million demat accounts (2025), growing rapidly from ~40 million in 2020, driven by rising financial literacy, UPI adoption, and smartphone penetration.
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Retail participation in equities has surged; average daily cash turnover on NSE is up multiple times since pre-Covid levels.
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Discount brokers like Zerodha, Groww, Upstox, and Angel One now dominate, collectively controlling 70–75% of active clients.
2. Key Growth Drivers
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Digital adoption: Mobile-first investing platforms make onboarding seamless with Aadhaar, UPI, and e-KYC.
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Shift from physical to digital: Investors moving away from traditional full-service brokers to low-cost online brokers.
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Mutual fund SIP boom: Monthly SIP inflows crossed ₹22,000 crore in 2025, giving platforms like Groww a strong customer acquisition engine.
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Regulatory push: SEBI’s efforts toward transparency, lower costs, and faster settlements (T+1, moving towards T+0) make markets more attractive.
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Rising affluence: Young investors in Tier 2/3 cities driving demand for equities, ETFs, and passive products.
3. Competitive Landscape
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Discount brokers: Zerodha (market leader), Groww, Upstox, Angel One, Paytm Money.
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Full-service brokers: ICICI Direct, HDFC Securities, Kotak, Motilal Oswal — still relevant but losing share in client acquisition.
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Wealth-tech: Platforms expanding into insurance, credit, and wealth management (ETFs, international investing, PMS).
4. Profitability & Business Model
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Revenue sources: Brokerage (flat/low fee), interest income (margin funding, float on client balances), distribution (mutual funds, insurance), subscriptions.
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Margins are attractive for scaled players; top discount brokers enjoy EBITDA margins of 30–40%+, thanks to low cost per user.
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Customer acquisition costs rising as competition intensifies — pushing firms to diversify into lending, advisory, and wealth management.
5. Challenges & Risks
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Regulatory risk: SEBI/Exchanges frequently revise margin norms, leverage rules, and data monetization policies.
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Market dependency: Revenues closely tied to trading volumes and investor sentiment; downturns shrink activity.
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High competition: Intense price wars make differentiation tough — firms must focus on user experience, product depth, and ecosystem plays.
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Technology & cyber risk: As scale grows, downtime or breaches can damage trust.
6. Future Outlook
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Broking will remain low-cost, high-volume, with differentiation via product depth (options, global investing, margin trading).
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Wealth-tech platforms like Groww are expected to evolve into “super apps” for investing + credit + insurance.
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Rising retail wealth, regulatory reforms, and financial inclusion will continue to expand the market, making India one of the world’s fastest-growing retail investing ecosystems.
Financial Charts of Billionbrains Garage Ventures Limited (Groww)
Balance Sheet of Billionbrains Garage Ventures Limited (Groww)
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Profit and Loss of Billionbrains Garage Ventures Limited (Groww)
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Ancillary of Billionbrains Garage Ventures Limited (Groww)
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Billionbrains Garage Ventures Limited (Groww)
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How to buy Billionbrains Garage Ventures Limited (Groww)?
Below are three ways through which you can purchase Billionbrains Garage Ventures Limited (Groww):
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Billionbrains Garage Ventures Limited (Groww), please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Billionbrains Garage Ventures Limited (Groww)?
Below are three ways through which you can sell Billionbrains Garage Ventures Limited (Groww):
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Billionbrains Garage Ventures Limited (Groww), please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Billionbrains Garage Ventures Limited (Groww)?
We provide a two way quote on all the shares we deal in. Your buy price for Billionbrains Garage Ventures Limited (Groww) is ₹124 and your sell price for Billionbrains Garage Ventures Limited (Groww) is ₹118. The price is based on our estimates and market conditions.
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What is the lock-in period of Billionbrains Garage Ventures Limited (Groww)?
The lock-in period for Billionbrains Garage Ventures Limited (Groww) varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Billionbrains Garage Ventures Limited (Groww)
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Billionbrains Garage Ventures Limited (Groww)
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Billionbrains Garage Ventures Limited (Groww) price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Billionbrains Garage Ventures Limited (Groww). The price is also determined from the most recent funding round for Billionbrains Garage Ventures Limited (Groww). This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Billionbrains Garage Ventures Limited (Groww)?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Billionbrains Garage Ventures Limited (Groww) with us kindly click here.
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What are the financials of Billionbrains Garage Ventures Limited (Groww)?
The financials of Billionbrains Garage Ventures Limited (Groww) which includes the P/L of Billionbrains Garage Ventures Limited (Groww) and the Balance Sheet of Billionbrains Garage Ventures Limited (Groww) is in the financials section (Click on link).
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Where can I find the annual report of Billionbrains Garage Ventures Limited (Groww)?
The annual report of Billionbrains Garage Ventures Limited (Groww) is available in the annual report section (Click on link).
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Is buying Billionbrains Garage Ventures Limited (Groww) legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Billionbrains Garage Ventures Limited (Groww)?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Billionbrains Garage Ventures Limited (Groww) and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Billionbrains Garage Ventures Limited (Groww) once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Billionbrains Garage Ventures Limited (Groww)?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Billionbrains Garage Ventures Limited (Groww) from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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