Data Science-Based Investment Platform Groww Raises $6.2 Million
24 Jan 2019 1:30 AM GMT
� Groww, a data science-based investment platform has raised $6.2 million in Series A round of funding through Sequoia Capital. Y Combinator, Propel Venture Partners and Kauffman Fellows also participated in the round. Advertisement According to the company?s statement, the funds will be used to build its technology platform to scale up and introduce new?
- According to Ashish Agrawal, Principal, Sequoia Capital India Advisors, the company is currently witnessing strong growth in the Indian investor base which is fuelling the market need for a better and inexpensive investment platform like Groww.
- He further added that Groww has a strong product sensibility and focuses primarily on the millennial investors, the reason behind why it aspires to be the preferred product for retail investors in India.
- We look forward to the journey with @lkeshre, @harshujain, Neeraj, Ishan and team as the transform retail investing in India.
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