Billionbrains Garage Ventures Limited has submitted its Monitoring Agency Report for the quarter ended December 31, 2025, detailing the utilization of funds raised through its Initial Public Offer (IPO). The report, issued by CRISIL Ratings Limited, confirms that the utilization of IPO proceeds is in line with the disclosures made in the Offer Document. The company raised ₹10,600 million (Rs 1060 crore) through the IPO, which had an issue period from November 4 to November 7, 2025. Net proceeds after issue expenses amounted to ₹10,159.84 million (Rs 1015.98 crore).

During the quarter, the company utilized ₹2,513.09 million (Rs 251.31 crore) of the IPO funds. Key areas of utilization include ₹401.48 million (Rs 40.15 crore) for cloud infrastructure, ₹672.29 million (Rs 67.23 crore) for brand building and performance marketing, ₹423.77 million (Rs 42.38 crore) for investment in its subsidiary Groww Creditserv Technology Private Limited (GCS) to augment its capital base, and ₹850.00 million (Rs 85.00 crore) for investment in Groww Invest Tech Private Limited (GIT) to fund its margin trading facility (MTF) business. Additionally, ₹165.54 million (Rs 16.55 crore) was utilized for issue expenses.

As of December 31, 2025, the total unutilized amount from the IPO proceeds stands at ₹8,086.91 million (Rs 808.69 crore). No utilization was reported for inorganic growth through unidentified acquisitions and general corporate purposes during this quarter. The report also details the deployment of unutilized proceeds, which are largely invested in Fixed Deposits with Small Finance Bank and SBI, amounting to ₹7,600 million (Rs 760 crore) in total, along with balances in various current and public offer accounts.