Before starting Groww in 2016, Keshre worked in senior product roles at Flipkart, where he led key initiatives such as Flipkart Quick and Marketplace. He holds an engineering degree from IIT Bombay and grew up in a farming family in Madhya Pradesh, attending the only English-medium school in his district.
At Groww, he has led the platform’s evolution from a mutual-fund-only app to a full-stack investment ecosystem offering stocks, ETFs, and IPOs. Under his leadership, the company has achieved unicorn status, crossed major user milestones, and maintained a strong focus on a clean, mobile-first user experience.
Keshre has recently emphasised that listing the company for him was not just about raising money, but it was about trust and accountability. “If you are managing money for millions of people, you should be accountable to the public,” he told The Economic Times in an earlier interview. “Your customers become your shareholders, which means higher responsibility and more trust in the system.”
Keshre said Groww went public for three reasons: to strengthen its brand, to expand its technology infrastructure, and to scale new businesses such as margin trade funding (MTF) and loans against securities (LAS). “We could have kept all the profits for ourselves, but that’s not how you build a 100-year-old company,” he said, arguing that public ownership makes an institution stronger and more transparent.
Groww’s recent IPO was well-received by the market. The Bengaluru-based company raised just over Rs 6,000 crore and saw its stock surge 50% from the offer price, creating more than Rs 30,000 crore in investor value. Backed by marquee investors such as Peak XV Partners, GIC, Ribbit Capital, and even Microsoft CEO Satya Nadella, Groww has become India’s largest stock broker by active traders, with more than 18 million users.Since the listing, the shares have seen a steady upward climb, taking the company’s combined valuation to Rs 1.03 lakh crore.Analysts believe Groww represents a strong long-term structural story and serves as a proxy for India’s expanding capital market participation. Many suggest that investors should view it as a medium- to long-term investment opportunity.
“Investors are advised to hold for the long term, given the company’s structural strengths and growth potential, while acknowledging short-term market risks with a target of Rs 125-130 in the medium term. Fresh investors can also accumulate Groww and monitor the stock post-listing, and consider adding on any meaningful dip,” Prashanth Tapse, of Mehta Equities said after the company’s debut.
