According to ChainCatcher news, as reported by TechCrunch, India's leading retail stock trading platform Groww is preparing to launch an IPO in the next 10 to 12 months, with a target valuation of $6 to $8 billion, more than double its valuation of $3 billion during the last funding round in 2021. Based in Bangalore, Groww will become the first digital trading platform IPO in India. Its backers include Peak XV, Tiger Global, and Alkeon. The company has begun discussions with investment banks and will soon select IPO advisors. Last year, to align with its IPO plans, Groww moved its registration from the U.S. to India.According to data from the National Stock Exchange of India, Groww had 13.2 million active users in December 2024, far exceeding its competitor Zerodha's 8.1 million users, with new users added monthly ranging from 325,000 to 550,000, more than double that of its competitors. The IPO boom for Indian tech companies is accelerating, with 13 startups going public in 2024 alone, including the $1.35 billion IPO of food delivery platform Swiggy, which became one of the largest tech IPOs globally last year. More than 20 Indian startups are expected to go public in 2025. The total market capitalization of the Indian market has increased to $5.3 trillion, with daily trading volume rising to $15 billion.