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Groww Asset Management Company secures $65 million investment from State Street, acquiring a 23% stake. This investment is part of a completed transaction following regulatory approvals.
RECENTLY ACQUIREDAug 31, 2026•2 days ago
Amount Raised
$65 Million
Round Type
Venture - Series Unknown
BengaluruFinancial ServicesFinanceFintech
Investors
State Street Investment Management
Description
State Street Investment Management has completed a $65 million investment in Groww Asset Management Company, taking a 23% stake in the mutual fund arm. This transaction, which was first announced in January, received the necessary regulatory approvals. After the investment, State Street will have voting rights of 4.85% in Groww AMC.
Company Information
Company
Groww Asset Management
Location
Bengaluru, Karnataka, India
About
Groww Asset Management is a wholly-owned subsidiary of Billionbrains Garage Ventures. It manages mutual fund schemes under the Groww brand and is part of a fintech group focused on simplifying investment for users. The company aims to empower a diverse range of investors through accessible financial products.
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BengaluruFinancial ServicesFinanceFintech