Private Equity VC Fund Investments
IPO-bound Groww issues bonus shares to Peak XV, Ribbit, other investors
Source Mint (opens in a new tab)
Bengaluru-headquartered, IPO-bound online investment platform Groww has issued compulsorily convertible preference shares (CCPS) as bonus to existing investors, including Peak XV and Ribbit.The transaction will also result in collapse of the differential voting rights (DVR) held by Harsh Jain, Lalit Keshre, Neeraj Singh and Ishan Bansal, the founders of Groww.