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§ Private Profile · Bangalore, India
Fintech platform offering mutual funds, stocks, and derivatives for Indian retail investors, simplifying investing.
Groww, a fintech platform based in Bengaluru, Karnataka, India, simplifies investing for Indians by offering direct mutual funds, stocks, futures & options, IPOs, ETFs, and digital gold through its app and web platform. The company primarily targets young, digitally savvy retail investors across over 900 cities, and has grown to serve more than 15 million users, establishing itself as India's largest retail brokerage with over 15 million active clients. In October 2021, Groww was valued at $3 billion following a $251 million funding round. The platform, which focuses on making financial services accessible, employs approximately 1050 individuals. Notably, it has received backing from prominent figures such as Microsoft CEO Satya Nadella. Groww was founded in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal.
Groww has raised $1.1B across 9 funding rounds.
Key people at Groww.
Groww was founded in 2016 by Lalit Keshre (Founder/CEO) and Harsh Jain (Founder/COO) and Neeraj Singh (Founder) and Ishan Bansal (Co-founder and CFO).
Groww has raised $1.1B in total across 9 funding rounds.
Groww was founded in 2016 by Lalit Keshre (Founder/CEO) and Harsh Jain (Founder/COO) and Neeraj Singh (Founder) and Ishan Bansal (Co-founder and CFO).
Groww has raised $1.1B in total across 9 funding rounds.
Groww's investors include ICONIQ Growth, Yoonkee Sull, State Street Global Advisors, GIC, Abu Dhabi Investment Authority, Aditya Birla Sun Life AMC, Axis Mutual Fund, Goldman Sachs, HDFC Asset Management, ICICI Prudential Life Insurance, Kotak Mutual Fund, Mirae Asset.
Groww has raised $1.1B across 9 funding rounds. Most recently, it raised $200.0M Other Equity in March 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 21, 2026 | Ringg AI | $5.3M Series A | Rahul Chandra | Kunal Shah, Capital 2B, White Venture Capital |
| Sep 22, 2025 | OnFinance AI | $4.2M Pre-Series A | Peak XV Partners (Sequoia Capital India) | Shyamal Hitesh Anadkat, Climber Capital, Indian Angel Network, Mars Shot Ventures, Silverneedle Ventures |
| Mar 28, 2023 | Nimbbl | $3.5M Pre-Seed | — | Amrish RAU, Jitendra Gupta, Kunal Shah, Prajit Nanu, Srinivas RAO, Amara Ventures, Global Founders Capital, Peak XV Partners (Sequoia Capital India) |
Key people at Groww.
Groww is a leading Indian fintech platform that simplifies investing by offering a fully digital, transparent, and user-friendly experience for retail investors. It provides access to stocks, direct mutual funds, IPOs, ETFs, derivatives, bonds, and digital gold through a single app, targeting primarily young professionals, students, and first-time investors who seek affordable and straightforward investment options[1][2][4]. Groww’s mission is to make financial services simple, transparent, and delightful, removing traditional barriers such as paperwork, hidden commissions, and complex processes[1][6]. It has become India’s largest stockbroker by active NSE clients and the largest distributor of mutual fund SIPs, playing a pivotal role in democratizing investing in India’s rapidly growing retail market[3][6].
Founded in 2016 by Ishan Bansal and other ex-Flipkart employees, Groww emerged from the recognition that although nearly 200 million Indians had investable income, only about 10% invested due to complexity and lack of trust in traditional channels[3][6]. The founders launched Groww as a direct mutual fund distribution platform with a mobile-first approach, aiming to simplify investing and eliminate intermediaries[3]. Early traction was strong, with the platform quickly surpassing initial user targets and expanding into stockbroking and other financial products over time[3][4]. The company evolved from mutual funds to a comprehensive wealth management platform, backed by investors like Iconiq Capital, and prepared for a significant IPO reflecting its market leadership[4].
Groww rides the wave of digital transformation and financial inclusion in India, capitalizing on the surge in retail investing driven by smartphone penetration and rising financial literacy. The timing is critical as India’s retail investment market is projected to reach ₹50 trillion by 2030, creating a vast runway for growth[1]. By disrupting traditional, paper-heavy investment processes, Groww has forced incumbents to adopt digital-first strategies, thereby accelerating fintech innovation across the ecosystem[1][3]. Its success also reflects broader trends of democratizing wealth creation through technology, fostering a new generation of self-directed investors.
Groww is poised to expand its product suite with global investing options, advanced derivatives tools, AI-driven advisory services, and integration of insurance and credit products, aiming to become a full-stack financial services platform[1]. Trends such as increased digital adoption, growing investor awareness, and regulatory support for fintech innovation will shape its journey. As it scales, Groww’s influence is likely to deepen, further transforming India’s investment landscape by making wealth creation accessible to millions more. Its IPO and continued innovation will be key milestones to watch, as it balances rapid growth with maintaining customer trust and product simplicity[3][4].
