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 has become one of the fastest-growing investment platforms in India with 80 Lac registered users on the platform. The 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 was is backed by Sequoia Capital, YC Continuity, Ribbit Capital, Insignia Ventures Partners, Lightbridge Partners, Propel Venture Partners, Kauffman Fellows and others. The company raised Rs 220 crore ($30M) in Series C round on Sep 10, 2020. This brings Groww's total funding to $59.1M to date.