Sequoia India Invests $6.2 Mn In Fintech Startup Groww
23 Jan 2019 2:08 AM GMT
Groww will use the newly raised funds to build technology to scale and introduce new investment options such as stocks
- Data science-based mutual fund investment platform Groww has raised $6.2 Mn in a Series A round of funding led by Sequoia Capital.
- Earlier in July 2016, the Bengaluru-based startup also raised $1.6 Mn from  Insignia Ventures Partners, Lightbridge Partners, Kairos, and existing investors Mukesh Bansal and Ankit Nagori.
- According to Association of Mutual Funds in India (AMFI) data on the number of total investor accounts with 42 fund houses, the number of MF folios rose to a record 74.6 Mn at the end of June this year, up from 71.3 Mn at the end of March 2018, a gain of .
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