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Online Investment App Groww Raises Fresh Funds Led By Tiger, Valuation Jumps To $1 Billion

Online Investment App Groww Raises Fresh Funds Led By Tiger, Valuation Jumps To $1 Billion

04/07/21, 12:01 PM
Online investment platform Groww has raised $83 million in Series D funding from investors led by Tiger Global, the company said on Wednesday.

Company Info

Company
Groww
Additional Info
Online investment platform Groww has raised $83 million in Series D funding from investors led by Tiger Global, the company said on Wednesday. Groww witnessed rapid growth and opened about 2 million demat accounts, the company said in a statement. “Groww plans to expand its product suite with the new fundraise, hire top-quality talent, and invest heavily in financial education and awareness,” the company said. “We started Groww almost five years back to make investing accessible and transparent to everyone in India. ET was the first to report the impending deal on March 1.Founded in 2017 by former Flipkart employees Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal, Groww is an investment platform with more than 15 million registered users.