Groww

Groww is a popular investment platform based in India that allows users to invest in various financial products, including mutual funds, stocks, exchange-traded funds (ETFs), and more. It was established in 2017 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal with the vision of simplifying investing for everyone.

In June 2018, Groww expanded its offerings to include direct equity investment, allowing users to buy and sell stocks through its platform. And in 2020, the company introduced fixed deposits and digital gold as additional financial products.

The interface is built in a way that allows users to explore various investment options, compare funds, and make decisions based on data analysis. This platform provides information like past performances, possible risks, and expert reviews, allowing users to align their investments with their financial goals and risk tolerance.

The company claims that it educates its users and boosts their confidence in financial decision-making, unlike traditional investment methods.

According to Crunchbase data, the startup has raised nearly $400 million across six funding rounds. It has 17 investors, including Tiger Global, Y Combinator, Peak XV Partners (earlier Sequoia Capital India), Ribbit Capital, and Steadfast Capital Management, among others.

In September 2023, the company received approval from SEBI to launch its index fund—Groww Nifty Total Markets Index Fund—and plans to launch it via a new fund offering.