{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Daybreak","title":"India’s largest stockbroker, Groww, is banking on the rich to sell its IPO story","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/367b7ffd\"></iframe>","width":"100%","height":180,"duration":605,"description":"India’s largest stockbroker, Groww, is chasing an ambitious IPO. But behind the headlines, its core broking business is under stress. Its clients are leaving, regulations are squeezing revenues, and profits are wobbling.\nTo keep its $7–8 billion valuation intact, Groww is making big moves. It's acquiring loss-making wealth-tech startup Fisdom for $150 million and launching “W,” a new unit for the rich.\nWealth management is the trend everyone wants in on, but can Groww really pull it off? Or is this just optics ahead of the IPO?\nTune in.\nCompete in India's first and only case competition.\n\nDaybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.","thumbnail_url":"https://img.transistorcdn.com/uPitovxKRYBGX6AWg9UrET6s3nAdkS-Ci9uZvsZj7vk/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS85ODhl/ZWM4NmEwZTcxZjZk/MDRlYjAzNTNkMjJi/ZGQ2YS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}