Groww is an investing platform where users can find the best mutual funds to invest in and can invest their money without any hassles.

Groww provides objective evaluation of mutual funds and does not advice or recommend any mutual fund or portfolios.

Groww was founded in 2017 by Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. The company has its headquartered based in Bangalore, Karnatka, India.

 

Groww helps millennials invest in mutual funds, futures, derivatives, stocks, and initial public offerings. Groww lets its users invest in mutual funds, including systematic investment planning (SIP) and equity-linked savings. 

 

Groww's platform currently offers stockbroking and direct mutual funds and both products have scaled exceptionally well. Groww records more than 1.5 Lac new SIPs every month.

 

Groww had over 15 million registered users earlier in 2021, two-thirds of whom are first-time investors. Additionally, more than 60% of Groww users are in smaller cities and towns of India.

 

Groww was is backed by Sequoia, Iconiq Growth, Tiger Global, Alkeon, Lone Pine Capital, Steadfast, YC Continuity, Ribbit Capital, Insignia Ventures Partners, Lightbridge Partners, and others. The company raised $251M in Series E round on Oct 25, 2021. This brings Groww's total funding to $393.1M to date. The latest round tripled the company's valuation to $3B post-money. Groww was previously valued at $1B from its Series D raised in Mar 2021.

 

 

  • Year founded: 2017
  • Funding Info: $393.1M over 6 Rounds (Latest Funding Type: Series E)
  • Yearly Revenue: NA
  • Employee Size: 501-1,000
  • Business Valuation: Valued at over $3B as of Oct 25, 2021
  • City/Town: Bangalore
  • State: Karnataka
  • Country: India
Related businesses