State Street invests 5.8 billion rupees in Groww as India online investment platform reports strong growth
Billionbrains Garage Ventures (Groww) reported 25 percent revenue growth for the third quarter. The firm also secured a 5.8 billion rupee strategic investment.
洞察:
India 
IN investment platform Billionbrains Garage Ventures (Groww) has reported strong operational results for the third quarter of fiscal year 2026. The company concurrently announced that State Street Corporation , based in the US 
US, will invest 5.8 billion rupees into its asset management arm, Groww AMC. This strategic move by State Street Corporationsignals significant international validation of the retail investment market in India.
IN investment platform Billionbrains Garage Ventures (Groww) has reported strong operational results for the third quarter of fiscal year 2026. The company concurrently announced that State Street Corporation , based in the US US, will invest 5.8 billion rupees into its asset management arm, Groww AMC. This strategic move by State Street Corporationsignals significant international validation of the retail investment market in India.The financial results for the quarter ended December 31 show that Billionbrains Garage Ventures (Groww) recorded a consolidated net profit of 5.47 billion rupees. This figure represents a decrease from the 7.57 billion rupees reported in the same period a year ago. However, the prior year's results were bolstered by a one-time gain of 3.18 billion rupees on its expense account following the cancellation of employee-related incentives. On an adjusted basis, the company’s income grew by 24 percent year-over-year.
