Groww - Revision history

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	\| launch_date = April 2016		\| launch_date = April 2016
	\| location = [[Bangalore]], [[Karnataka]], India		\| location = [[Bangalore]], [[Karnataka]], India
	\| key_people = Lalit Keshre (CEO),<br> Harsh Jain, Neeraj Singh and Ishan Bansal <ref>[http://www.businessworld.in/article/The-Four-at-Groww-are-Wooing-First-Time-Retail-Investors-with-Zero-Commission-Investment-Products/03-07-2018-153769/ The Four At Groww Are Wooing First Time Retail Investors With Zero Commission Investment Products] [[BusinessWorld]] Retrieved on 2 January 2020 </ref>		\| key_people = Lalit Keshre (CEO),<br> Harsh Jain, Neeraj Singh and Ishan Bansal <ref>[http://www.businessworld.in/article/The-Four-at-Groww-are-Wooing-First-Time-Retail-Investors-with-Zero-Commission-Investment-Products/03-07-2018-153769/ The Four At Groww Are Wooing First Time Retail Investors With Zero Commission Investment Products] [[BusinessWorld]] Retrieved on 2 January 2020</ref>
	\| industry = [[Financial technology]]		\| industry = [[Financial technology]]
	\| services = Investment platform		\| services = Investment platform
	\|website = {{URL\|https://groww.in}}		\|website = {{URL\|https://groww.in}}
	}}		}}
	'''Groww''' is an [[Electronic trading platform\|online investment platform]] that allows investors to invest in [[mutual fund]]s and [[stock]]s.<ref> [https://www.livemint.com/news/india/startups-that-put-money-to-work-11577816694019.html Startups that put money to work] [[Mint (newspaper)\|Livemint]] </ref> Headquartered in [[Bangalore]], [[Karnataka]], the company has raised over $140 million as of April 2021, at a valuation of $1 billion.<ref>{{cite news \|title=Groww becomes the latest unicorn with fresh $83 m funding \|url=https://www.financialexpress.com/industry/sme/groww-becomes-the-latest-unicorn-with-fresh-83-m-funding/2228856/ \|access-date=14 May 2021 \|work=The Financial Express \|date=8 April 2021}}</ref>		'''Groww''' is an [[Electronic trading platform\|online investment platform]] that allows investors to invest in [[mutual fund]]s and [[stock]]s.<ref>[https://www.livemint.com/news/india/startups-that-put-money-to-work-11577816694019.html Startups that put money to work] [[Mint (newspaper)\|Livemint]]</ref> Headquartered in [[Bangalore]], [[Karnataka]], the company has raised over $140 million as of April 2021, at a valuation of $1 billion.<ref>{{cite news \|title=Groww becomes the latest unicorn with fresh $83 m funding \|url=https://www.financialexpress.com/industry/sme/groww-becomes-the-latest-unicorn-with-fresh-83-m-funding/2228856/ \|access-date=14 May 2021 \|work=The Financial Express \|date=8 April 2021}}</ref>

	== History ==		== History ==
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	== Awards ==		== Awards ==
	* 2017-18: BSE Star MF award for 2nd best performer in RFD category in Karnataka <ref> [https://groww.in/blog/bse-star-mf-award-nextbillion/ Groww Wins BSE Award for Performance]</ref>		* 2017-18: BSE Star MF award for 2nd best performer in RFD category in Karnataka <ref>[https://groww.in/blog/bse-star-mf-award-nextbillion/ Groww Wins BSE Award for Performance]</ref>
	* 2017-18: 3rd place in BSE Star MF Fintech – Highest Transactions 2017-18 <ref> [https://www.bseindia.com/markets/marketinfo/DispMediaRels.aspx?page=32e4bb31-5b81-4aac-ba59-b0c258610ff8 Muhurat Trading Session at BSE in the Vikram Samvat Year 2075] [[Bombay Stock Exchange]] Retrieved on 2 January 2020 </ref>		* 2017-18: 3rd place in BSE Star MF Fintech – Highest Transactions 2017-18 <ref>[https://www.bseindia.com/markets/marketinfo/DispMediaRels.aspx?page=32e4bb31-5b81-4aac-ba59-b0c258610ff8 Muhurat Trading Session at BSE in the Vikram Samvat Year 2075] [[Bombay Stock Exchange]] Retrieved on 2 January 2020</ref>
	* 2018-19: 1st place in BSE Star MF Fintech – Highest Transactions 2018-19 <ref name="bse-award-2019"> [https://www.bseindia.com/markets/marketinfo/DispMediaRels.aspx?page=6c3cdbbd-6927-48df-8c8c-728bfcdc55ee Muhurat Trading Session at BSE in the Vikram Samvat Year 2076] [[Bombay Stock Exchange]] Retrieved on 2 January 2020 </ref>		* 2018-19: 1st place in BSE Star MF Fintech – Highest Transactions 2018-19 <ref name="bse-award-2019">[https://www.bseindia.com/markets/marketinfo/DispMediaRels.aspx?page=6c3cdbbd-6927-48df-8c8c-728bfcdc55ee Muhurat Trading Session at BSE in the Vikram Samvat Year 2076] [[Bombay Stock Exchange]] Retrieved on 2 January 2020</ref>

	== See also ==		== See also ==

>Ashok2102: Removed spam about wrong person as a chairman.

2021-06-29T07:44:13Z

Removed spam about wrong person as a chairman.

New page

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{{Use dmy dates|date=January 2020}}
{{Use Indian English|date=January 2020}}
{{Infobox dot-com company
| name = Groww
| logo =
| owner = Nextbillion Technology
| launch_date = April 2016
| location = [[Bangalore]], [[Karnataka]], India
| key_people = Lalit Keshre (CEO),<br> Harsh Jain, Neeraj Singh and Ishan Bansal <ref>[http://www.businessworld.in/article/The-Four-at-Groww-are-Wooing-First-Time-Retail-Investors-with-Zero-Commission-Investment-Products/03-07-2018-153769/ The Four At Groww Are Wooing First Time Retail Investors With Zero Commission Investment Products] [[BusinessWorld]] Retrieved on 2 January 2020 </ref>
| industry = [[Financial technology]]
| services = Investment platform
|website = {{URL|https://groww.in}}
}}
'''Groww''' is an [[Electronic trading platform|online investment platform]] that allows investors to invest in [[mutual fund]]s and [[stock]]s.<ref> [https://www.livemint.com/news/india/startups-that-put-money-to-work-11577816694019.html Startups that put money to work] [[Mint (newspaper)|Livemint]] </ref> Headquartered in [[Bangalore]], [[Karnataka]], the company has raised over $140 million as of April 2021, at a valuation of $1 billion.<ref>{{cite news |title=Groww becomes the latest unicorn with fresh $83 m funding |url=https://www.financialexpress.com/industry/sme/groww-becomes-the-latest-unicorn-with-fresh-83-m-funding/2228856/ |access-date=14 May 2021 |work=The Financial Express |date=8 April 2021}}</ref>

== History ==
Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh (former employees of [[Flipkart]]) started Groww in 2016 primarily as a [[mutual fund]] investment platform. The company started its operations through a WhatsApp group and other social media platforms engaging with members on topics relating to investing and wealth management. In 2020, the company forayed into stockbroking service.<ref>{{Cite web|last=Borate|first=Neil|date=2020-04-19|title=Mutual Fund platform Groww to launch stock broking services|url=https://www.livemint.com/money/personal-finance/mutual-fund-platform-groww-to-launch-stock-broking-services-11587302363530.html|access-date=2021-05-15|website=mint|language=en}}</ref> The platform now offers direct investments in mutual funds, stocks, initial public offerings, digital gold, and exchange-traded funds.
== Funding and acquisitions ==
The company is valued at $1 billion (as at May 2021)<ref>{{Cite news|last=Ahmad|first=Samreen|date=2021-04-07|title=Groww's valuation shoots past $1 billion with $83 mn Series D funding|work=Business Standard India|url=https://www.business-standard.com/article/companies/groww-s-valuation-shoots-past-1-billion-with-83-mn-series-d-funding-121040701232_1.html|access-date=2021-05-15}}</ref> and has raised more than $142 million from investors to date.

In July 2018, Groww raised $1.6 million in a pre-series A round of funding led by Insignia Ventures Partners, Lightbridge Partners, Kairos and others.<ref>{{Cite news|last=Bhakta|first=Pratik|title=Groww raises $1.6 million in pre-series A round of funding|work=The Economic Times|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/groww-raises-1-6-million-in-pre-series-a-round-of-funding/articleshow/64915122.cms?from=mdr|access-date=2021-05-15}}</ref>

In January 2019, the company raised $6.2 million in a series A round of funding led by [[Sequoia Capital|Sequoia Capital India]].<ref>{{Cite web|date=2019-01-24|title=Mutual Fund investment platform Groww raises $6.2 million|url=https://www.financialexpress.com/money/mutual-funds/mutual-fund-investment-platform-groww-raises-6-2-million/1453120/|access-date=2021-05-15|website=The Financial Express|language=en-US}}</ref>

In September 2019, it raised $21.4 million as a part of its series B funding round led by US-based VC firm Ribbit Capital along with participation from existing investors Sequoia India and Y Combinator.<ref>{{Cite web|title=Groww, an investment app for millennials in India, raises $21.4M|url=https://social.techcrunch.com/2019/09/19/groww-series-b/|access-date=2021-05-15|website=TechCrunch|language=en-US}}</ref>

In September 2020, the company raised $30 million in a Series C funding round led by YC Continuity and previous investors.<ref>{{Cite web|last=Bureau|first=BW Online|title=Groww Raises 30 M in Series C Round led by YC Community|url=http://bwdisrupt.businessworld.in/article/Groww-Raises-30-M-in-Series-C-Round-led-by-YC-Community-/10-09-2020-318763|access-date=2021-05-15|website=BW Disrupt|language=en}}</ref>

In April 2021 the startup reached [[Unicorn (finance)|unicorn]] status by raising $83 million at over $1 billion valuation in a Series D financing round.<ref>{{Cite web|title=Investment app for millennials, Groww, raises $83 million at over $1 billion. valuation|url=https://social.techcrunch.com/2021/04/07/investment-app-for-millennials-groww-raises-83-million-at-over-1-billion-valuation/|access-date=2021-05-15|website=TechCrunch|language=en-US}}</ref>

Groww acquired mutual fund business of [[Indiabulls]] to enter [[Asset management]] Business (AMC).<ref>{{Cite web|title=Groww To Buy Indiabulls' Mutual Fund Business For Rs 175 Crore|url=https://www.moneycontrol.com/news/business/personal-finance/groww-to-buy-indiabulls-mutual-fund-business-for-rs-175-crore-6880211.html|access-date=2021-05-15|website=Moneycontrol}}</ref>

== Awards ==
* 2017-18: BSE Star MF award for 2nd best performer in RFD category in Karnataka <ref> [https://groww.in/blog/bse-star-mf-award-nextbillion/ Groww Wins BSE Award for Performance]</ref>
* 2017-18: 3rd place in BSE Star MF Fintech – Highest Transactions 2017-18 <ref> [https://www.bseindia.com/markets/marketinfo/DispMediaRels.aspx?page=32e4bb31-5b81-4aac-ba59-b0c258610ff8 Muhurat Trading Session at BSE in the Vikram Samvat Year 2075] [[Bombay Stock Exchange]] Retrieved on 2 January 2020 </ref>
* 2018-19: 1st place in BSE Star MF Fintech – Highest Transactions 2018-19 <ref name="bse-award-2019"> [https://www.bseindia.com/markets/marketinfo/DispMediaRels.aspx?page=6c3cdbbd-6927-48df-8c8c-728bfcdc55ee Muhurat Trading Session at BSE in the Vikram Samvat Year 2076] [[Bombay Stock Exchange]] Retrieved on 2 January 2020 </ref>

== See also ==
* [[Zerodha]]
* [[FundsIndia]]
* [[Scripbox]]
* [[Kuvera.in]]

==References==
{{reflist}}

==External links==
* [https://groww.in/ Groww official website]

{{Financial services in India}}
{{Online brokerages}}

[[Category:2016 establishments in Karnataka]]
[[Category:Companies based in Bangalore]]
[[Category:Financial services companies]]
[[Category:Financial services companies of India]]
[[Category:Online brokerages]]
[[Category:Indian companies established in 2016]]

{{company-stub}}