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 lets its users invest in mutual funds, including systematic investment planning (SIP) and equity-linked savings. It claims more than one million registered users, most of whom are aged under 40 and mobile-first, according to the company.

Groww is available on iOS, Android and the web, it offers more than 5,000 mutual funds, which can be invested in directly from its app.

Groww was is backed by investors including Sequoia Capital, Y Combinator, Ribbit Capital, Insignia Ventures Partners, Lightbridge Partners, Propel Venture Partners, & Kauffman Fellows among others. The company raised $21.3M from its "Series B" financing on Sep 19, 2019. This brings Groww's total funding to $29.1M to-date.

 

 

  • Year founded: 2017
  • Funding Info: $29.1M over 3 Rounds of Funding (Last Funding Type: Series B)
  • Yearly Revenue: $2M-$5M (2018)
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Bangalore
  • State: Karnataka
  • Country: India
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