Groww
Overview
Groww is a leading investment platform based in Bengaluru, India, that provides users with direct access to mutual funds, stocks, ETFs, and more, through a simple and accessible online interface. Founded in 2017 by former Flipkart employees, Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, the company has continually expanded its offerings to include various financial services. As of 2025, Groww has raised significant funding and achieved a valuation of $7 billion, with over 40 million users across India utilizing its services.
Recent Developments
- June 2025: Groww introduced the Groww Nifty India Internet ETF, the country's first ETF replicating the Nifty India Internet Index, enhancing diversified exposure for its users.
- May 2025: The company closed a $200 million funding round at a $7 billion valuation with participation from major investors like GIC and Iconiq Capital, strengthening its financial base and supporting expansion plans.
- April 2025: Groww filed for an IPO with aims to raise up to $1 billion, highlighting the platform's growth and aspiration to extend its market reach further.
- 2024: Groww's revenue doubled to ₹3,000 crores, with profits at ₹1,800 crores, underscoring robust financial performance despite increased industry competition and regulatory changes.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2016 |
| Headquarters | Bengaluru, Karnataka |
| Founders | Lalit Keshre, Harsh Jain, Ishan Bansal, Neeraj Singh |
| Revenue | ₹3,000 crore (FY24) |
| Profits | ₹1,800 crore (FY24) |
| Key Investors | GIC, Iconiq Capital, Tiger Global, Sequoia Capital India |
| Industry | Fintech, Investment Services |
| Number of Employees | 680 |
Early History
Groww was launched in 2017 as a direct mutual fund distribution platform. Initially, the founders focused on simplifying investments for Indians, recognizing the hurdles faced by new investors in navigating financial products. The simplicity and user-friendliness of the app immediately gained traction, enabling rapid growth in its user base. Within its first year, the platform had already become one of India’s top mutual fund investment platforms.
Company Profile and Achievements
Groww's business model is centered around providing a simple, commission-free platform for investment in mutual funds, stocks, and other financial instruments. It stands out with a focus on democratizing investment through an intuitive interface and robust educational support for its users.
- 2018: Expanded services to include U.S. stocks and digital gold, extending diversification options for its users.
- 2020: With an addition of stocks, IPOs, and ETFs to its platform, Groww transformed into a comprehensive financial services provider.
- 2021: Achieved unicorn status with a valuation of $1 billion, backed by substantial investment rounds.
- 2025: As of June, surpassed 40 million users, with over 60% being first-time investors.
Current Operations and Market Position
Groww has firmly established itself as a leading investment platform, particularly appealing to India's millennial population. The platform’s accessibility and ease of use have contributed to it becoming India’s largest stockbroker by active clients. By leveraging technology, Groww ensures that its users have real-time access to investments with minimal fees, maintaining a competitive edge in a crowded fintech market.
Conclusion
Groww's trajectory in the financial services industry exemplifies transformative growth, driven by a robust platform that empowers new and seasoned investors alike. With its focus on accessibility and innovation, Groww is well-positioned to expand its influence in both domestic and international markets. As the company prepares for its IPO, its continued investment in technology, user experience, and educational resources marks a promising future for this fintech leader.