Groww Journey

Groww's Founder and History

Groww is a one of leading Fintech - Brokerage & Mutual Funds platform in India.

It founded by a group of 4 professionals who was working in Flipkart in that time.

The group of these 4 peoples include Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh. It was founded by them in 2016.

The founders Groww's knows very well that in India the market of investment is too good.

According to Groww official website. They reported that their are approximately 200 millions peoples who have the potential income for investment.

But only 20 millions of them are investing. The reason of such low investment is reported lack of investment knowledge, resources and also complexity or risk money lost.

So that's why the founders of it decided to start a platform which can resolve these kinds of problems.

As I told that the founders of Groww's are working in the Flipkart at the time when they made a idea about starting such kind of platform.

When they become sure about to start it, they quit their Flipkart jobs and start working hard for development of platform.

Initially they took lot of time to start Groww, some of the reasons due to which they take too much time to start it are like market research, development resources and confirm the security of the money of peoples who are going to investment through it.

Groww initialy offered mutual fund distribution

Groww website reported that initially after foundation of Groww, it started as a direct mutual fund distribution.

Laters in 2020 they added lot of other products into their platform some of these products include stocks, ETFs, Intraday trading, digital gold and so on.

With year to year Groww's start attracting lot of peoples with potential investment due to its easy working model.

Currently it become a one of the largest Fintech - Brokerage & Mutual Funds platform in India.

Groww Unicorn Status

Even after 5 years of operating its services it become a unicorn in April, 2021 with the entry valuation of 1 billion dollars, which later reached up to 3 billions dollars after the last round of funding.

Groww Investors

Some of the major investors wo invested in Groww's are like  Sequoia Capital India, Y Combinator, Tiger Global, Ribbit Capital.

Groww official website also reported that currently around 1.5 crores peoples around 900+ cities in India are using Groww as their trusted investment platform.

The number of peoples who trusted on it are increasing year to year with its rapid growth.