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Groww

Groww

Groww is a financial services company founded by Lalit Keshre.

Groww is a company that participated in the YC W18 cohort of Y Combinator and raised an estimated $1,600,000.



Groww is an India-based Y Combinator backed online investment platform. Headquartered in Bengaluru, Groww allows investors to open an account electronically and transact in mutual funds online. As of June 2018, Groww had partnered with 34 mutual fund houses and around 5000 mutual funds were available on the platform. Groww also provides a mutual fund explorer with information including past performance and stocks held.

Features

The app and its services are available free-of-charge to the customer, with direct mutual fund plans made available in April, 2018.

History and Funding

Groww was founded by former Flipkart employees Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. It received seed capital from investors including Y Combinator, Mukesh Bansal and Ankit Nagori in January 2018. It raised further $1.6 million, in June 2018, in a pre-series A funding round from Insignia Venture Partners, America's Lightbridge Partners and Kairos fund.

Timeline

September 19, 2019

Groww raises $21.4 million in Series B funding

September 2019

Groww raises a $21,400,000 series B round from Sequoia Capital India, Ribbit Capital, Y Combinator and Sequoia Capital.

January 2019

Groww raises a $6,200,000 series A round from Sequoia Capital India, Y Combinator, Kauffman Fellows Program and Propel Venture Partners.

People

Name
Role
LinkedIn

Harsh Jain

Founder



Ishan Bansal

Founder



John Francis

Employee



Lalit Keshre

Founder



Manish Kumar

Employee



Neeraj Singh

Founder



Rajat Gang

Employee



Shikhar Singh

Employee



Further reading

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Companies

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CEO
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News

Title
Author
Date
Publisher
Description
Press Trust of India
September 19, 2019
@bsindia
Read more about Groww raises $21.4 mn in Series B funding from Rabbit Captial, Sequoia on Business Standard. Groww, an investing platform offering direct mutual funds on its platform, has more than 2.5 million registered users

References