Satya Nadella, CEO of Microsoft, has joined Groww as an investor and advisor

Satya Nadella, CEO of Microsoft, has joined Groww as an investor and advisor

Groww had raised USD 251 million (around Rs 1,885 crore) in October last year in a funding round led by Iconiq Growth, which valued the mutual fund and stock investment platform at USD 1 billion. The funding round also saw participation from investors like Alkon, Lone Pine Capital, and Steadfast. Groww’s existing investors Sequoia Capital, Ribbit Capital, YC Continuity, Tiger Global, and Propel Venture also participated. In April 2021, the digital firm had raised USD 83 million (around Rs 615 crore) in a funding round led by Tiger Global. Groww enables users to invest in stocks, mutual funds, ETFs, IPOs, Gold, etc. Starting in 2017, it claims to have more than 15 million registered users.

Tiger Global is a company backed by Tiger Global. On Saturday, Groww announced that Microsoft CEO Satya Nadella had joined the company as an investor and advisor. “Groww attracts one of the top CEOs in the world as an investor and counselor. Groww’s co-founder and CEO Lalit Keshre tweeted, “Thrilled to have @satyanadella join us in our aim to make financial services accessible in India.” He did not, however, provide the investment’s financial details.

Tiger Global-backed Groww on Saturday said Microsoft chief executive officer Satya Nadella has joined the company as an investor and advisor. “Groww gets one of the world’s best CEOs as an investor and advisor. Thrilled to have @satyanadella join us in our mission to make financial services accessible in India,” Groww’s co-founder and CEO Lalit Keshre tweeted. However, he didn’t disclose the financial details of the investment. Groww had raised USD 251 million (around Rs 1,885 crore) in October last year in a funding round led by Iconiq Growth, which valued the mutual fund and stock investment platform at USD 1 billion.

The funding round also saw participation from investors like Alkon, Lone Pine Capital, and Steadfast. Groww’s existing investors Sequoia Capital, Ribbit Capital, YC Continuity, Tiger Global, and Propel Venture also participated. In April 2021, the digital firm had raised USD 83 million (around Rs 615 crore) in a funding round led by Tiger Global. Groww enables users to invest in stocks, mutual funds, ETFs, IPOs, Gold, etc. Starting in 2017, it claims to have more than 15 million registered users.

Microsoft’s Chairman and Chief Executive Officer Satya Nadella has invested an undisclosed amount in the Indian online trading platform Groww. “Groww gets one of the world’s best CEOs as an investor and advisor. Thrilled to have @satyanadella join us in our mission to make financial services accessible in India,” Groww Co-founder and CEO Lalit Keshre said in a Twitter post.

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more
We will be happy to hear your thoughts

Leave a reply

Compsmag - Latest News In Tech and Business
Logo