🚨 Groww has less than 1,500 employees, so at the IPO valuation, the value created per employee is Rs 44 crore. That’s almost 2× higher than any other Indian internet company that has gone public. When discussing internet platforms, we often refer to network effects, margins, and tech leverage. But one less discussed indicator of a platform’s strength, in my view, is how much leverage each employee creates. Groww runs one of the leanest teams among large venture-backed companies going for IPO, which is what makes it interesting.
Also just to clarify, Rs 44 crore is NOT the value of ESOPs held by each employee. It is how much market capitalisation has been created per employee to measure org efficiency.
Counting employee as 1 no matter the role or nature of business is a bit odd. Maybe revenue/ salary expense is a better metric if you want to look at it from the employee lens.
Would be interesting to see this number for Zerodha!!
Valuation per employee isn’t always a fair metric,right? As this varies hugely across business models, especially when “comparing lean tech platforms” with “people-intensive” or operationally heavy businesses.
Where is my 44 cr 😂?
Interesting post! Thanks for sharing.
Co-founder at The Arc | Mapping the arc of India's high-growth companies
12hRead more about Groww's journey and what's next - https://www.thearcweb.com/article/groww-broking-wealth-ipo-zerodha-angel-one-brSdvpoE1rAiXXtK