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Fintech Momentum Strengthens as Pine Labs Completes IPO and Groww Delivers Robust FY25 Results
Pine Labs closed a $440M IPO as Groww posted ₹1,824 crore FY25 profit with 50% revenue growth, reflecting continued strength in India’s fintech sector.
Pine Labs successfully completed its $440 million IPO, reinforcing investor interest in India’s expanding fintech ecosystem and the company’s established position in digital payments infrastructure. Alongside the listing, Groww reported ₹1,824 crore in net profit for FY25, reversing its previous year’s loss, while also recording 50 percent growth in revenue to ₹3,901 crore.
Industry analysts noted that the strong performance of both companies highlights resilient demand for consumer-facing financial technology platforms, rising transaction volumes, and sustained adoption of digital financial services across retail investors and merchants nationwide.