Groww Joins Unicorn Club With $83 Mn Round Led By Tiger Global
Groww dispatched stocks with a simple to-utilize interface for (DIY) financial backers. Groww saw quick development and opened around 20 lakh Demat accounts.
Local venture platform Groww has brought $83 million up in Series D round at a valuation of more than $1 billion. With this, Groww turns into the fourth unicorn to be conceived for this present week after wellbeing tech startup PharmEasy, social internet business startup Meesho and charge card installment stage CRED made their subsidizing declarations.
Tiger Global drove the raising money with the interest of Groww's current financial backers — Sequoia India, Ribbit Capital, YC Continuity and Propel Venture Partners.
Begun in 2017, by four ex-Flipsters, Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, Groww professes to have more than 1.5 crore enlisted clients. Groww empowers clients to put resources into Stocks, Mutual Funds, ETFs, IPOs, and Gold in a straightforward, paperless, and bother free way.
In June 2020, Groww dispatched stocks with a simple to-utilize interface for (DIY) financial backers. Groww saw quick development and opened around 20 lakh Demat accounts.
Groww checks its straightforward client experience joined with its attention on instructive substance, as probably the greatest factor for its ubiquity among millennial financial backers.
Groww plans to expend its item suite with the new raise support, enlist top-quality ability, and put vigorously in monetary instruction and mindfulness. Monetary training content has been a basic concentration for Groww from its beginning. In the following two years, the organization intends to dispatch a huge number of monetary schooling activities focused on recent college grads and extend the market for monetary administrations.
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