Grow Co-founder Lalit Keshare: The success story of Groww founder Lalit Keshare is in discussion everywhere today. After the IPO of the company, he has made his place in the list of Indian billionaires. Lalit Keshare, who started his career with Flipkart, was a product manager there. But in the year 2016, he left Flipkart and laid the foundation of Groww and today he has joined the ranks of billionaires.
Left Flipkart and started Groww in 2016
Groww’s IPO was listed this month on November 12 and its shares jumped more than 70 percent in just four trading days. The company’s stock closed at Rs 174, taking the total valuation of Groww to Rs 9,448 crore. That means now the value of the company has become approximately 1.13 billion dollars.
Lalit Keshare’s journey started from Khargone district of Madhya Pradesh. He was born in a farmer family of Lepa village. Growing up amidst limited facilities, Lalit was brilliant in studies, hence he got education in the only English medium school in Khargone. Further he cracked JEE and completed his engineering studies from IIT Bombay.
Company value crosses Rs 26000 crore after IPO
Groww was started by Lalit Keshare along with his three friends—Ishan Bansal, Harsh Jain and Neeraj Singh. This app gave an easy way to millions of people to connect with the stock market. Investor confidence and the boom in the fintech sector took Groww’s market valuation to new heights. Taking into account the holdings of the founders, the total value of the company is now estimated at more than Rs 26,000 crore.
Groww was listed on BSE and NSE on 12 November. At that time the issue price was kept at Rs 100. But after the stock rose by 70 percent in just four trading days, it reached Rs 174.
Also read: Market regulator aims to double the number of share investors in the next 3 to 5 years, said SEBI Chief Tuhin Kant Pandey.
