2016
Bengaluru (India)
Series E
Groww is a prominent Indian online trading and investment platform for multiple markets. It enables users to invest and trade in stocks, futures and options, mutual funds, and more. It offers technical charts to track the market movement by analyzing candlestick charts, a screener with sort and filter options, stock news, financials, and more. It also offers personal loans for users. It also enables users to trade in futures and options.
Operating on a Business-to-Consumer (B2C) model, Groww offers a freemium structure where users can access basic investment services for free and opt for premium features at a subscription fee. Revenue streams include brokerage fees, mutual fund distribution commissions, interest on margin trading, and charges for advanced tools and analytics.
Investment Options: Provides a diverse range of investment avenues such as mutual funds, stocks, ETFs, digital gold, and US stocks.
Educational Resources: Offers blogs, videos, and webinars to educate users on investment strategies and financial literacy.
User Experience: Features a user-friendly, mobile-first platform designed for seamless navigation and investment management
Mission and Vision:
Mission: Aims to democratize investing by making it accessible and straightforward for individuals from all financial backgrounds.
Vision: Strives to be India's most trusted and preferred investment platform, fostering long-term customer relationships through transparency and reliability.
Groww focuses on a digital-first approach, leveraging technology to simplify investing. The platform emphasizes transparency, low-cost services, and educational content to build trust and attract a broad user base, particularly targeting younger, tech-savvy investors.
Market Value and Comparison: As of early 2023, Groww achieved a valuation of $3 billion, reflecting its rapid growth and significant market presence. The platform competes with other online trading and investment services like Zerodha, Upstox, and Paytm Money. Its competitive edge lies in its user-friendly interface, diverse investment options, and commitment to transparency, distinguishing it from competitors that may have more complex fee structures or less comprehensive educational resources.
Groww's mission is to democratize investing by making it simple, accessible, and transparent for everyone, empowering individuals from all financial backgrounds to manage their wealth effectively. Groww aims to be India's most trusted and preferred investment platform, fostering long-term relationships with customers by providing a seamless, reliable, and transparent investing experience.
Groww has had a significant impact on the Indian investment market by democratizing access to financial markets and simplifying the investment process for millions of retail investors. Overall, Groww has accelerated the shift toward digital-first, retail-focused investment platforms, empowering more individuals to take control of their financial futures.
$393 Million
8
Undisclosed, Angel
as of January 8, 2022
$3 Billion
as of January 22, 2024
7.63
as of January 22, 2024
Y Combinator
and 7 more2436
IND Money
-
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
January 8, 2022 | Angel | Undisclosed | - | $54.2 Million | - | - |
October 24, 2021 | Series E | $251.0 Million | $3.0 Billion | $49.4 Million | 55.4x | Iconiq Capital, Ribbit Capital, Lone Pine Capital, Alkeon Capital Management, Y Combinator, Tiger Global Management, Propel Venture Partners, Peak XV Partners C,Steadfast Capital |
April 7, 2021 | Series D | $83.0 Million | $1.0 Billion | $39.8 Million | 22.7x | Tiger Global Management, Ribbit Capital, Propel Venture Partners, Y Combinator, Peak XV Partners |
September 10, 2020 | Series C | $30.0 Million | - | $19.5 Million | - | Y Combinator, Ribbit Capital, Propel Venture Partners, Peak XV Partners |
September 19, 2019 | Series B | $21.4 Million | - | $940.0 K | - | Ribbit Capital, Y Combinator, Peak XV Partners |
January 9, 2019 | Series A | $6.2 Million | - | - | - | Y Combinator, Propel Venture Partners, Kauffman Fellows, Peak XV Partners , BBVA Compass |
July 9, 2018 | Seed | $1.6 Million | - | - | - | Insignia Ventures Partners, Y Combinator , Lightbridge Partners, Kairos |
January 16, 2018 | Seed | Undisclosed | - | - | - | Y Combinator |