Groww

In 2016 Lalit KeshreLalit KeshreLalit Keshre is an Indian entrepreneur, co-founder, chief executive officer and whole-time director of the online investment platform Groww, and previously a group product manager at Flipkart.Open the full entry, Harsh JainHarsh JainHarsh Jain is an Indian entrepreneur and the co-founder, chief operating officer and whole-time director of the online investment platform Groww, where he leads growth and business.Open the full entry, Neeraj SinghNeeraj SinghNeeraj Singh is an Indian entrepreneur and the co-founder, chief technology officer and whole-time director of the online investment platform Groww.Open the full entry and Ishan BansalIshan BansalIshan Bansal is an Indian entrepreneur and the co-founder, chief financial officer and whole-time director of the online investment platform Groww, and a CFA charterholder.Open the full entry met at a café in Bangalore to discuss the difficulty of investing and went on to build Groww.⁠[1]

All four were former Flipkart staff who found investing in India difficult, especially for young people.⁠[2]

Groww’s app and website investment platform officially launched in December 2017; by January 2020 it had more than three million users.⁠[3]

Groww took part in Y Combinator’s Winter 2018 batch.⁠[4]

In June 2018 Groww raised a $1.6 million pre-Series A round; Insignia Ventures Partners, Lightbridge Partners and Kairos were among its backers.⁠[2]

In July 2018 Groww had not yet begun to monetise and most users were working professionals aged 25 to 35 in metros; it had first built an AI-based financial adviser but pivoted because customers did not fully rely on bots.⁠[5]

Since 2019 Groww’s “Ab India Karega Groww” initiative has taken its team to cities across India to teach investing.⁠[1]

Sequoia India led a $6.2 million Series A with Y Combinator, Propel Venture Partners and Kauffman FellowsKauffman FellowsKauffman Fellows is a nonprofit education and peer network for venture capital professionals, built around a two-year fellowship and operated by the Center for Venture Education. Originating at the Ewing Marion Kauffman Foundation, it launched its first class in 1995 and by 2026 counted about 1,060 Fellows.Open the full entry; the company said it had more than one million registered users and offered over 5,000 mutual funds.⁠[2]

Ribbit CapitalRibbit CapitalRibbit Capital is a venture-capital firm founded in 2012 by Meyer “Micky” Malka and headquartered in Palo Alto, California. It began with financial-technology investing and has expanded into AI, commerce and related infrastructure. Its investments include Coinbase, Robinhood and Nubank.Open the full entry led a $21.4 million Series B, bringing total funding to about $29 million; Groww then had about 2.5 million registered users, two-thirds first-time investors, and planned to offer stock trading.⁠[6]

YC Continuity led a $30 million Series C, taking total funding to $59 million; Groww had added Indian stocks and digital gold, was testing U.S. stocks and derivatives with some users, and had over 8 million registered mutual-fund users.⁠[7]

Tiger Global led an $83 million Series D that valued Groww at over $1 billion; it had raised $142 million in total and had more than 15 million registered users.⁠[8]

Groww agreed to buy Indiabulls Housing Finance’s asset management and trustee companies for ₹175 crore, including ₹100 crore of cash and equivalents, subject to SEBI approval.⁠[9]

ICONIQ Growth led a $251 million Series E with Alkeon, Lone Pine Capital and Steadfast, valuing Groww at $3 billion.⁠[10]

After nearly two years the deal closed on May 3, 2023, with Nextbillion Technology as buyer for about ₹175.62 crore; the Competition Commission had approved it in September 2021.⁠[11]

In March 2024 Groww moved its domicile from the U.S. back to India, one of the first Indian startups to do so; Lalit Keshre disclosed the move in a post on X.⁠[12]

Groww said it had paid $159.4 million in taxes because of the re-domiciling.⁠[13]

The company’s financial disclosures record the one-time tax expense as ₹13,397 million.⁠[14]

Groww agreed to acquire wealth manager Fisdom for $150 million in cash, subject to SEBI approval; Fisdom, founded in 2015, had over one million customers.⁠[15]

The draft papers showed Groww planned to raise ₹10.6 billion in new shares; in FY2025 total income was ₹40.6 billion and profit after tax ₹18.2 billion, and as of June it had 12.6 million active NSE clients, a 26% share.⁠[16]

After SEBI approval Groww completed the Fisdom acquisition; Fisdom was founded in Bengaluru in 2015 by Anand Dalmia and Subramanya S.V.⁠[17]

Billionbrains Garage Ventures Ltd, which operates Groww, took public subscriptions from November 4 to 7 at ₹95 to ₹100 a share, raising ₹1,060 crore in new shares while existing investors offered up to 557.2 million shares.⁠[18]

The IPO raised ₹66.3 billion and was subscribed nearly 18 times; shares opened at ₹112, about 12% above the ₹100 issue price, and closed at ₹128.85, for a market value of about ₹795 billion.⁠[19]

During the quarter Groww received a ₹580 crore investment from State StreetState StreetState Street Corporation is a Boston-based US financial services group serving institutional investors through investment servicing, investment management and market services. Its businesses include custody, fund accounting and administration, investment software and SPDR funds. It trades on the New York Stock Exchange as STT.Open the full entry Global Advisors, Inc.; Groww AMC’s assets under management rose 145% year on year to ₹7,179 crore.⁠[20]

For the quarter to September 2026 total income was ₹1,541 crore, up 44%, and profit after tax ₹725 crore, up 54%; transacting users reached 24 million and customer assets ₹3.9 lakh crore.⁠[20]

As of October 27, 2026, Groww had 24.1 million transacting users and customer assets of ₹3.65 trillion.⁠[14]

Groww is headquartered at Vaishnavi Tech Park in Bellandur, Bengaluru, and says it has more than 50 million customers and over 1,000 team members.⁠[21]

Groww: Official website: https://groww.in/ (opens in a new window)⁠[4]

X: Official account: https://x.com/_groww (opens in a new window)⁠[21]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Official account: https://www.linkedin.com/company/groww.in/ (opens in a new window)⁠[4]