Current Valuation: $3 billion (November 2021)

Funding Raised: $393.3 million (November 2021)

Funding Rounds: 8

No. of investors: 21

Loss: $29.16 million

Revenue: $52.11 million in FY22

Did you know Groww, India’s 46th unicorn was founded by four ex-Flipkart employees?

Founded in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, Groww aimed at making investment more accessible to young people by simplifying the process.

Groww is a web-based investment platform that allows users to invest in mutual funds and equities directly. What sets Groww apart is that it is a customer-first platform that provides ease and trust for users while investing in Mutual funds, FDs, Stocks, Futures and Options, IPOs

Lalit has a background in Electrical Engineering from IIT Bombay whereas Harsh is an IITian with an MBA in Product Management and Marketing Technology from UCLA. Ishan and Neeraj are BITS Pilani and ITM University alumnus respectively.

Ishan also has received the Charter Holder title from the CFA Institute, along with an MBA in Finance from XLRI Jamshedpur. Neeraj, on the other hand, has a Post Graduate Diploma in Advance Computing from C-Dac.

Groww’s journey began when the founders of the company realized that with an increase in average income and the tech-savvy approach of the Indian market, investment was the next big opportunity.