Groww
Founded Year
2016Stage
Series E - II | AliveTotal Raised
$399.89MRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-82 points in the past 30 days
About Groww
Groww is a financial services company specializing in investment and trading platforms. The company offers a range of services including equity trading, direct mutual funds, and investment in US stocks, all through a user-friendly online platform. Groww provides tools for both systematic investment plans (SIPs) and lumpsum investments, as well as educational resources to empower investors. It was founded in 2016 and is based in Bengaluru, India.
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Research containing Groww
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Groww in 5 CB Insights research briefs, most recently on Jun 14, 2023.
Expert Collections containing Groww
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Groww is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
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Latest Groww News
Sep 19, 2024
SHARE SUMMARY As per rating agency ICRA, personal loans accounted for 98% of the total loan book, while consumer durable loans accounted for the rest of the amount Groww Creditserv is an NBFC of invest tech unicorn Groww. It received an NBFC licence from the RBI in late 2022 Groww Creditserv posted a loss of INR 24.1 Cr in FY24 as against a loss of INR 2.8 Cr in FY23 FOLLOW US Fintech unicorn Groww’s non-banking financial company (NBFC) Groww Creditserv Technologies’s total on-balance sheet loan book stood at INR 965.44 Cr as on June 30, 2024, growing 32% from INR 731.1 Cr as of March 31 this year. As per rating agency ICRA, personal loans accounted for 98% of the total loan book, while consumer durable loans accounted for the rest of the amount. The NBFC is a wholly-owned subsidiary of Groww’s India entity, Billionbrains Garage Ventures Private Limited. RECOMMENDED FOR yOU 19th September, 2024 While it was initially held directly by the four cofounders of Groww – Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, Billionbrains Garage Ventures acquired a stake in Groww Creditserv in multiple tranches during April 2023 to March 2024. The ICRA report said that Groww Creditserv received a total of INR 378 Cr in total capital infusion till March 31, 2024. This entity’s net worth was INR 351 Cr around the same time. The report said that Groww Creditserv posted a loss of INR 24.1 Cr in FY24 as against a loss of INR 2.8 Cr in FY23. Founded in 2017, Groww is a wealthtech startup that enables users to invest in stocks, exchange-traded funds (ETFs), and IPOs, among other fintech services. It entered the unicorn club in 2021 by bagging $83 Mn in its Series D funding round led by Tiger Global. Billionbrains Garage Private Limited, the parent entity of Groww, posted a net profit of INR 448.7 Cr in FY23 as against a net loss of INR 239 Cr in the previous fiscal year. Its operating revenue more than tripled year-on-year to INR 1,277.8 Cr in FY23.
Groww Frequently Asked Questions (FAQ)
When was Groww founded?
Groww was founded in 2016.
Where is Groww's headquarters?
Groww's headquarters is located at Vaishnavi Tech Park, 3rd and 4th Floor, Bengaluru.
What is Groww's latest funding round?
Groww's latest funding round is Series E - II.
How much did Groww raise?
Groww raised a total of $399.89M.
Who are the investors of Groww?
Investors of Groww include Satya Nadella, Y Combinator, Peak XV Partners, Propel Venture Partners, Ribbit Capital and 14 more.
Who are Groww's competitors?
Competitors of Groww include ET Money and 8 more.
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Compare Groww to Competitors
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