In a recent regulatory development, Groww Invest Tech—formerly known as Nextbillion Technology—has settled an adjudication case with the Securities and Exchange Board of India (SEBI) by paying Rs. 34.12 lakh. The settlement stems from a technical glitch that occurred on January 23, 2024, which led to a temporary disruption in client services. SEBI’s investigation revealed lapses in system monitoring, client communication protocols, and cybersecurity practices.