Startup fraternity cheers Groww’s IPO milestone

As Groww made its market debut on Wednesday, several prominent entrepreneurs, investors, and venture capital firms took to social media platform X to celebrate the milestone and share their admiration for the company.

Here’s what some of them said:

Kunal Shah: Fintech platform Cred’s founder posted a photo of his ‘share certificate’ presented by Groww as a token of appreciation for his contribution. He wrote, “Extraordinary execution over (the) years with extraordinary attention to detail in every aspect… It’s time to Groww.”



Aadit Palicha: Congratulating Lalit Keshre, the Zepto CEO said, “We have been inspired by the quality of your execution and product since our early days. In fact, Groww has always been an example I use of a world-class product company built in India, when talking to foreign VCs.”


He added, “It also happens to be the first IPO of an Indian Y Combinator startup — an extra sweet milestone for the ecosystem.” Y Combinator Continuity was one of the earliest backers of Zepto before the fund was discontinued in 2023.

Y Combinator: The venture capital firm, an early backer of Groww, confirmed the milestone mentioned by Palicha, posting, “From W18 to IPO, they’ve built India’s leading investing platform — enabling tens of millions across the country to invest simply and confidently.”

(W18 refers to the Winter 2018 batch of the Y Combinator accelerator programme where Groww was founded.)

Peak XV Partners: The venture capital firm also celebrated the success, saying, “From a small team of four to millions of investors across the country, Groww has changed how #India learns, saves, and invests.”


Its managing director, Mohit Bhatnagar, added, “The blistering pace of value creation in new India is reflected in @_groww journey. Gratitude to @lkeshre @ _harshjain26 @ishanishu @neeraj and our partner @dvbydt for inspiring us at @peakxvpartners.”

Ashish Agrawal, managing director at Peak XV, shared a blog post about how the firm’s partnership with Groww began.

Ashneer Grover: The BharatPe cofounder also applauded the company, writing, “Amazing business execution, market leadership, profitability and great value creation for all investors (including me). Holding onto Groww for the long term.”