Groww raises $6.2 million from Sequoia & others

BENGALURU: New-age mutual funds investment platform Groww has raised $6.2 million in a series-A round of funding led by Sequoia India. The round also saw participation from its existing investors Y Combinator, Propel Venture Partners and Kauffman Fellows.

The Bengaluru- based startup intends to use the funds to build the technology platform, launch new products and take investments to the millennial population.

ET had written in its December 7 edition, last year, that Groww was in final stages of raising funds from Sequoia India.


Launched in April 2017 by ex-Flipkart executives Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal, Groww sells direct mutual funds through its platform and plans to roll out other investment products including stocks soon.