Groww app net worth valued hit $4 Billion after raises funding
The BENGALURU-based Wealth management and investment platform Groww has raised $251 million in the series of E funding led by Iconiq Growth and get the valuation to $3 Billion in under six months of funding raising.
BharatPe co-founder Shashvat Nakrani 23year in rich list value $2.85bn
Groww evaluates in just six months as Indian fintech startups are expanding their offerings to help more millennials embark on an investment journey into the world’s second-largest Internet market.
The tech startup Groww has raised more than $390 million and was valued hit the fintech by also raising at $ 250 million last September $ 1 billion in April this year.
With this round, the company has raised close to $535 million to date.
Existing investors, including Sequoia Capital, Ribbit Capital, YC Continuity, Tiger Global and Propel Venture Partners, participated in the round. New investors included Alkeon, Lone Pine Capital and Steadfast.
Groww helps millennial generations invest in investment trusts, futures, derivatives, equities, and initial public offerings. Groww co-founder and CEO Lalit Keshre told TechCrunch in an interview that the startup is working to introduce a few more asset classes to allow users to invest. “Ultimately we will offer all asset classes.
“Groww, driven by an outstanding product-oriented team, is already one of India’s leading investment platforms, demonstrating a strong unit economy and customer cohort. We are for Indian consumers. We are excited to be part of the company’s vision of becoming a major financial platform for.
fintech startup of India Company profile and Groww app net worth :
Founded Year – 2017
LocationBangalore, India
Valuation – $3 Billion.
Founder – Neeraj Singh, Harsh Jain, Lalit Keshre, and Ishan Bansal.
| Date | Funding Round | Number of Investors | Money Raised | Fundraiser Investors |
|---|---|---|---|---|
| Apr 7, 2021 | Series D | 5 | $83M | Tiger Global Management |
| Sep 10, 2020 | Series C | 4 | $30M | Y Combinator Continuity Fund |
| Sep 18, 2019 | Series B | 3 | $21.4M | Ribbit Capital |
| Jan 23, 2019 | Series A | 4 | $6.2M | Sequoia Capital India |
| Jan 23, 2019 | Series A | 1 | — | — |
| Jul 9, 2018 | Seed Round | 9 | $1.6M | Insignia Ventures Partners |
Discussing of fund used of Groww valued hit after raises :
Groww plans to use this fundraise to extend its reach to under-penetrated geographies, strengthen its team, and scale tech infrastructure. The company also plans to continue making significant investments in spreading financial education and awareness. Groww app net worth
We will look at adding government bonds and other fixed-income products. We are also launching derivatives. Plus, there is a lot more to build for our mutual funds vertical itself,” the company’s co-founder and CEO Lalit Keshre said in an interview with Moneycontrol.
Founded in 2016 by four former Flipkart executives – Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal – Groww’s platform helps users invest in stocks, mutual funds, exchange-traded funds, IPOs, US stocks, futures and options, and gold. fintech startup of India Groww valued hit $3 Billion after raises $251 million . Groww app net worth