‘Groww’ an Investment Platform That Offers a New Way of Investing Money With Stockbroking and Direct Mutual Funds
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Headquarter- Bengaluru, India
CEO- Lalit Keshre
Co-founder- Lalit Keshre
Founded in- 2016
Founder- Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal
The platform provides insights about mutual funds, systematic investment planning, equity-linked savings, and everything from the personal finance world, which helps new investors make investing simple by maintaining a simplified user interface to make investing easy, accessible, transparent, and paperless, enabling users to invest in mutual funds without any hassles. Customers can also invest in gold and US stocks through the Groww platform. The company is also a part of Y Combinator’s winter 2018 batch.
Online investment platform Groww has raised $83 million at a billion-dollar valuation from Tiger Global. Groww becomes the fourth unicorn in this week alone and the eighth unicorn of 2021 so far.
The four-year-old startup was also a part of CB Insights’ list of 250 world’s most promising fintech companies.
The stockbroking market has been heating up as India has seen a huge uptick in the number of people investing in Indian stock markets. Groww faces competition from the likes of Zerodha, Paytm Money, INDMoney, Stockal among others.