IPO-bound Groww allocates Rs 225 crore for brand-building, Rs 205 crore on subsidiaries

Groww IPO: The largest share of the net proceeds, that is Rs 225 crore, will go towards brand building and performance marketing, followed by Rs 205 crore to its material subsidiary, Groww Creditserv Technology Private Limited, Rs 167.5 crore to Groww Invest Tech Private Limited, and Rs 152.5 crore for strengthening cloud infrastructure.