Mitul Shah & Associates

General Atlantic invests another $600 million in IPO-bound PhonePe

PhonePe has raised $600 million of new funding from General Atlantic (GA) as it gears up for a local listing early next year. The latest investment reinforces its commitment to back the homegrown consumer internet company even as diversification of income streams has proved harder than expected in a competitive landscape.

Groww announces IPO dates as regulatory uncertainty looms over stock brokers

Groww IPO Dates: Groww, a leading online brokerage, is set to launch its Initial Public Offering in the first week of November. The IPO aims for an $8 billion valuation. This move follows a strong financial performance and rapid client acquisition. Groww’s diversified services offer a buffer against industry regulatory challenges.