Groww's founders won't sell a single share in the IPO. Is their long-term conviction justified?

Wait 5 sec.

Groww’s four co-founders Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh hold a combined 26.6% in the comapny. They were earlier expected to offload a million shares each, but decided to not to sell to signal their belief in the company's long-term success.