FUNDAMENTAL ANALYSIS OF STARTUP GROWW
Groww is an online investment
platform that allows investors to invest in mutual
funds and stocks. Headquartered in Bangalore, Karnataka,
the company has raised over $140 million as of April 2021, at a valuation of $1
billion.
Headquarters |
Bangalore, Karnataka, India |
|
|
Owner |
Nextbillion Technology |
|
|
Key people |
Lalit Keshre (CEO), |
Industry |
Financial technology |
Launched |
April 2016 |
Groww Business Model
ü Mutual Funds
ü Stocks
ü Futures& Options
ü Us stocks
ü Gold
ü Fixed deposits
Groww
Features
The app and its services are available
free-of-charge to the customer, with direct mutual fund plans made available in
April, 2018.
Groww Funding Rounds
Date |
Funding Amount |
Funding Round |
Investor Details |
Apr o7,2021 |
$83M |
Series D |
Tiger Global
Management, Ribbit Capital and 3 others |
Sep 10, 2020 |
$30M |
Series C |
Y Combinator,
Sequoia and 2 others |
Sep 19, 2019 |
$21.4M |
Series B |
Ribbit Capital,
Y Combinator and 1 others |
Jan 23, 2019 |
$6.2M |
Series A |
Sequoia Capital,
Y Combinator and 3 others |
Jul 09, 2018 |
$1.6M |
Seed |
Insignia
Ventures Partners, Lightbridge Partners and 4 others |
Groww Competitors
Company’s |
Employees |
Funding |
Revenue |
Groww |
200 |
$142.2M |
$4M |
Zerodha |
1300 |
|
$64.7M |
PAYTM Money |
300 |
$29.9M |
$<1M |
UPSTOX |
400 |
$29M |
$3M |
SCRIPBOX |
200 |
$24.2M |
$1.5M |
EMPLYOOS |
FUNDING |
REVENUE |
GROWW AWARDS
ü 2017-18: BSE Star MF award
for 2nd best performer in RFD category in Karnataka
ü 2017-18: 3rd lace in BSE
Star MF Fintech – Highest Transactions 2017-18
ü 2018-19: 1st place in BSE
Star MF Fintech – Highest Transactions 2018-19
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