Exclusive: Groww’s valuation cut in domicile shift to India; Razorpay may follow

Groww paid Rs 1,340 crore ($160 million) in taxes to the US government, based on the new fair market value (FMV), which is more than 30% lower than its $3 billion valuation during its last funding in 2021, sources told ET. Razorpay, which was last valued at $7.5 billion, is working with consulting firm Deloitte on the matter.