Groww, a unicorn investing tech company headed for an IPO, started testing commodities trading on its platform today as part of its ongoing diversification drive.

The platform’s active trading accounts can trade commodities like natural gas, gold, silver, and crude oil through the Metropolitan Stock Exchange between 9 AM and 11:30 PM, according to sources who spoke to Inc42.

But according to Groww’s website, the offering is now only accessible to a limited number of people via invitation-only.  By completing a form on its website, customers can add themselves to the queue and receive notifications when the service becomes available.

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The most recent launch, according to sources, is a component of Groww’s larger expansion into the capital and wealth market sectors.  By doing this, the business hopes to generate additional revenue streams and take advantage of the increased retail interest in the commodities area.

Regarding the development, the business chose not to comment.

As a result of SEBI’s crackdown on futures and options (F&O) trading, rules including true-to-label transparency, a rise in the BSDA (Basic Services Demat Account) limit, and a general decline in market activity, the company is currently feeling the pinch.

The bulk of its revenue came from trading in high-volume derivatives.  The business has been hedging its chances by introducing a number of new products while it is stuck in the SEBI freeze. 

Groww has introduced corporate bonds, a margin trading facility, a pro-trader platform called 915, and a wealth management product named “W” thus far this year.

To support its wealth tech venture, the business also finalized the acquisition of Fisdom earlier this month.

Groww, a full-stack financial platform that offers mutual funds, stockbroking, asset management, margin trading, and wealth management solutions, was founded in 2016 by former Flipkart executives Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal.  According to the platform, there are more than 1.8 Cr active users.

Groww is preparing for its D-Street premiere at the same time as the new launch.  Last month, it submitted its revised DRHP to SEBI.  A new issue of shares up to INR 1,060 Cr and an offer-for-sale (OFS) component of up to 57.4 Cr shares will make up the investment tech unicorn’s public offering.

At a probable valuation of INR 61,600 Cr to INR 70,000 Cr, the OFS component would be between INR 5,000 Cr and INR 6,000 Cr, according to sources who spoke to Inc42.

In Q1 FY26, Groww’s consolidated net profit increased by 12% to INR 378.4 Cr from INR 338 Cr in the same quarter the previous year.  In the meantime, operating revenue decreased by 10% to INR 904.4 Cr from INR 1,000.8 Cr in the first quarter of FY25.