If you’ve been searching for “NextBillion Technology Private Limited” and wondering what it actually does, here’s the answer in one line: it’s the original registered name of Groww, India’s largest digital investment platform, now listed on the NSE and BSE after a ₹6,632 crore IPO in November 2025. Founded in 2016 by four former Flipkart employees, the company has grown from a simple mutual fund distribution app into a full-blown financial super app used by over 100 million people. Here’s the complete story — founding, structure, financials, and where things stand today.
NextBillion Technology Private Limited at a Glance
| Detail | Information |
|---|---|
| Legal Name (Current) | Groww Invest Tech Private Limited (formerly NextBillion Technology Private Limited) |
| CIN | U65100KA2016PTC092879 |
| Incorporated | 4 May 2016 |
| Founders | Lalit Keshre, Harsh Jain, Ishan Bansal, Neeraj Singh |
| Headquarters | Vaishnavi Tech Park, South Tower, Sarjapur Main Road, Bellandur, Bengaluru – 560103 |
| Core Product | Groww app — stocks, mutual funds, IPOs, F&O, digital gold, loans |
| Parent Entity | Billionbrains Garage Ventures Limited (listed as Groww Limited, NSE/BSE: GROWW) |
| FY25 Revenue | ₹4,056 crore (up 31% YoY) |
| FY25 Net Profit | ₹1,819 crore (tripled YoY) |
| IPO Listing Date | 12 November 2025 |
From NextBillion Technology to Groww: How the Name Changed
Here’s where a lot of the confusion around this company’s name comes from. NextBillion Technology Private Limited was incorporated on 4 May 2016 in Bangalore, Karnataka, as the entity that would eventually run the Groww platform. It’s since been renamed Groww Invest Tech Private Limited, and it now operates as a SEBI-registered stockbroker (registration no. INZ000301838), a member of the NSE, BSE, and MCX, and a CDSL depository participant.
If you’re checking company records and see both names, that’s not an error — NextBillion Technology is simply the legacy name still attached to older filings, contracts, and the company’s Corporate Identification Number history. The business itself hasn’t changed; the name on the paperwork has.
It’s worth keeping the structure straight, because there are actually two entities involved:
- Groww Invest Tech Private Limited (ex-NextBillion Technology) — the broking and depository arm that executes trades and holds SEBI/exchange memberships
- Billionbrains Garage Ventures Limited — the parent holding company, which converted to a public limited company in April 2025 and is the entity that actually listed on the stock exchanges under the ticker GROWW
The Founding Story: Four Ex-Flipkart Employees and a Simple Idea
NextBillion Technology Private Limited was founded in 2016 by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh — all of whom had previously worked together at Flipkart. Their starting idea wasn’t particularly flashy: most Indians found investing in mutual funds unnecessarily complicated, buried under paperwork and jargon that kept first-time investors away entirely.
Groww launched in 2017 as a direct mutual fund distribution platform, cutting out commission-heavy intermediaries and letting users invest directly. It caught on fast. Within a year, it had become one of the most-used mutual fund investment platforms in the country. The product roadmap expanded quickly after that — stocks and ETFs arrived in early 2020, followed by digital gold, intraday trading, and IPO applications in rapid succession that same year.
That expansion pattern — start narrow, nail the user experience, then broaden the product line — has basically defined the company’s entire growth story since.
What Groww (NextBillion Technology) Actually Offers Today
The Groww platform today functions as a genuine financial super app rather than a single-purpose tool. Current offerings include:
- Stock and derivatives trading — equities, F&O, intraday, and a dedicated pro-trading terminal called 915 by Groww for advanced/high-frequency traders
- Direct mutual funds — the original core product, still a major growth driver
- IPO applications — apply directly through the app during subscription windows
- ETFs and NFOs — including the Nifty India Internet ETF, India’s first ETF tracking the Nifty India Internet Index
- Digital gold — gold ETFs and gold funds
- Margin Trading Facility (MTF) and algorithmic trading APIs for more active traders
- Personal loans and credit solutions
- Wealth management — significantly expanded after Groww acquired wealth-tech startup Fisdom for $150 million in 2025, adding advisory-led services on top of its self-directed investing tools
Growth Numbers That Matter
A few figures give a clearer sense of scale than any general description could:
- 100+ million app downloads as of June 2025, making Groww India’s most-downloaded investment app
- ~17 million active SIPs as of June 2025 — roughly an 18.5% share of all active SIPs in India that month
- 13+ million active broking users on the NSE, with a market share of around 26.6% as of late 2024
- FY25 revenue of ₹4,056 crore, up 31% year-on-year
- FY25 net profit of ₹1,819 crore — roughly triple the prior year’s figure
- 1,415 employees as of June 2025
Backing has come from a serious lineup of global investors, including Tiger Global, Peak XV Partners, Ribbit Capital, YC Continuity, and GIC — which also helps explain how the company scaled from a niche mutual fund app to a listed, multi-product financial platform in under a decade.
The Groww IPO: What Happened in 2025
This is the single most important update missing from most older content about this company. Groww’s IPO opened for subscription on 4 November 2025 and closed on 7 November 2025, priced in a band of ₹95–₹100 per share. It was a book-built issue worth ₹6,632.30 crore, combining a fresh issue of ₹1,060 crore with an offer for sale of ₹5,572.30 crore from existing shareholders.
Shares listed on both the NSE and BSE on 12 November 2025. Kotak Mahindra Capital Company served as the book-running lead manager, with MUFG Intime India as registrar. As of April 2026, shares were trading around ₹218 — more than double the IPO price — reflecting continued investor confidence in the company’s growth trajectory following listing.
The listing itself followed a corporate restructuring: Billionbrains Garage Ventures Private Limited (incorporated January 2018) converted to a public limited company in April 2025, and in March 2024 it absorbed Groww Inc., its earlier overseas holding entity, through a court-approved amalgamation.
Why This Company Matters for Indian Fintech
Groww’s rise reflects a broader shift in how Indians invest. A decade ago, mutual funds and stock trading were seen as complicated, intermediary-heavy activities mostly reserved for people who already understood finance. Direct, app-based platforms like Groww changed that calculus — paperless onboarding, transparent pricing, and a genuinely simple interface brought a wave of first-time investors into formal markets, particularly from smaller towns and cities where traditional brokers had limited reach.
That shift shows up clearly in the SIP numbers: nearly one in five active SIPs in India now runs through Groww. Whatever you think of the broader retail investing boom, that kind of market penetration doesn’t happen without a genuinely different approach to distribution and user experience.
Frequently Asked Questions
Is NextBillion Technology Private Limited the same company as Groww? Yes. NextBillion Technology Private Limited was the original registered name of the entity that runs the Groww platform. It has since been renamed Groww Invest Tech Private Limited and operates as Groww’s SEBI-registered broking and depository arm.
Who founded NextBillion Technology Private Limited? It was founded in 2016 by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, who previously worked together at Flipkart.
Is Groww a listed company now? Yes. Groww’s parent entity, Billionbrains Garage Ventures Limited, completed its IPO in November 2025 and listed on the NSE and BSE on 12 November 2025 under the ticker GROWW.
What is the CIN of NextBillion Technology Private Limited? Its Corporate Identification Number is U65100KA2016PTC092879, registered under its current legal name, Groww Invest Tech Private Limited.
What services does Groww offer? Groww offers stock and derivatives trading, direct mutual funds, IPO applications, ETFs, digital gold, margin trading, personal loans, and wealth management services following its 2025 acquisition of Fisdom.