Bengaluru-based wealth-tech platform Groww has reportedly secured the Online Bond Platform Provider (OBPP) licence from Sebi. This approval allows the company to offer listed corporate bonds directly to retail investors through its online platform.
The licence marks an important milestone as Groww works to broaden its product portfolio and diversify its revenue sources. While the company’s core business has traditionally been stockbroking, it is now expanding into wealth management (through Fisdom), credit products such as loans against securities, and fixed-income investment options.
Groww has been steadily securing multiple licences to offer a complete suite of investment services to retail customers. It started with direct mutual funds, later moved into stockbroking, obtained an NBFC licence for lending, and even entered the asset management space by acquiring Indiabulls AMC.
Media reports from June indicated that Groww was preparing to apply for the OBPP licence. Now that it has received the approval, the company can directly compete with platforms such as Wint Wealth, Jiraaf, and Grip Invest in the online bonds marketplace.
Recent data indicates strong growth in the bond trading ecosystem. Transactions on NSE’s RFQ (Request for Quote) platform reached 1,54,751 in October 2025, a significant rise from 43,167 in April 2025.
The RFQ platform facilitates trades placed by stockbrokers registered under the debt segment as well as Online Bond Platform Providers (OBPPs), making it a key driver of India’s expanding fixed-income investment market.
According to NSE Market Pulse, the NSE handles 90% of all OBPP transactions.
On November 12, Groww debuted on Indian stock exchanges, with a market capitalization of ₹93,313 crore and a BSE stock price of ₹151. In the September quarter, the company reported an operating revenue of ₹1,018 crore and a net profit of ₹471 crore.
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