Groww ListedUnicorn
Groww (legal entity: Billionbrains Garage Ventures Limited) is an Indian fintech company and India's largest stockbroker by active NSE client count and largest mutual-fund SIP distributor, offering stocks, F&O, mutual funds, IPOs, digital gold and commodities through a single app. Founded in 2016 by four former Flipkart employees, it listed on the NSE and BSE in November 2025.
Groww: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 5 Jun 2025 | Series F | ₹1,735 Cr ($202.3M) | GIC ICONIQ Capital | source |
| 24 Oct 2021 | Series E | $251M | ICONIQ Growth Alkeon Lone Pine Capital Propel Venture Partners Ribbit Capital Sequoia Capital India Steadfast Capital Tiger Global YC Continuity | source |
| 7 Apr 2021 | Series D | $83M | Tiger Global Propel Venture Partners Ribbit Capital Sequoia India YC Continuity | source |
| 10 Sep 2020 | Series C | $30M | Y Combinator Continuity Propel Venture Partners Ribbit Capital Sequoia Capital | source |
| 19 Sep 2019 | Series B | $21.4M | Ribbit Capital Sequoia India Y Combinator | source |
| 23 Jan 2019 | Series A | $6.2M | Sequoia India Kauffman Fellows Propel Venture Partners Y Combinator | source |
| 9 Jul 2018 | Pre-Series A | $1.6M | Insignia Ventures Partners Ankit Nagori Kairos Lightbridge Partners Mukesh Bansal | source |
| 29 Jan 2018 | Seed | Undisclosed | Ankit Nagori Mukesh Bansal Y Combinator | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 3 May 2023 | Groww | indiabulls-asset-management-company-limited-indiabulls-trustee-company-mutual-fund-business-of-indiabulls-housing-finance | ₹175.62 Cr | source |
Recent Signals
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10 Jul 2026 · growth-traction
Groww shares rise after company clarifies Groww Prime is an opt-in addition, not a replacement for free direct mutual funds source -
14 Jan 2026 · ma-strategic
State Street Investment Management to acquire 23% stake in Groww Asset Management for ₹580 crore source -
12 Nov 2025 · financial
Groww lists on NSE and BSE, raising ~$748M in India's largest fintech IPO of 2025 source
News on Groww
No coverage of Groww linked yet.
L Litmus · by Lapaas
See the full business-model breakdown and validation framework for this company.
View Litmus AnalysisFAQs on Groww
Who founded Groww?
Groww was founded by Lalit Keshre, Harsh Jain, Neeraj Singh, Ishan Bansal in 2016.
How much funding has Groww raised?
Groww has raised $595.5 Mn across 8 tracked funding round(s), most recently on 2025-06-05. Figures are compiled from cited public sources.
Who are the investors in Groww?
Investors in Groww include GIC, ICONIQ Capital, ICONIQ Growth, Alkeon, Lone Pine Capital, Propel Venture Partners, Ribbit Capital, Sequoia Capital India.
What does Groww do?
Groww (legal entity: Billionbrains Garage Ventures Limited) is an Indian fintech company and India's largest stockbroker by active NSE client count and largest mutual-fund SIP distributor, offering stocks, F&O, mutual funds, IPOs, digital gold and commodities through a single app. Founded in 2016 by four…
Where is Groww headquartered?
Groww is headquartered in Bengaluru, Karnataka, India.
What is Groww's business model?
Groww's core value proposition centers on Easy, fast, transparent investing, Zero-commission direct mutual funds, Single app for multiple asset classes.
How does Groww make money?
Groww's cited revenue streams include Broking / brokerage fees, Mutual fund distribution commissions, Interest & lending income, Asset management fees (Groww Mutual Fund / Groww AMC).