How Four Ex-Flipkart Employees Built Groww, an Online Investment Platform

A Startup Story of How a Team of Youngsters Built Groww Into A Unicorn

In 2016, four friends and Ex-Flipkart Employees (Lalit Keshre, Ishan Bansal, Harsh Jain, and Neeraj Singh) met over a common interest – investments. They were all looking for an easy and affordable way to invest in the stock market, but they couldn’t find one.

So they decided to build it themselves. This is the story of Groww, an online investment platform that allows users in India to invest in mutual funds and other financial products with ease. Launched in 2017, Groww has quickly become one of the most popular investment platforms in India.

Groww Founders:

Lalit Keshre, Ishan Bansal, Harsh Jain, and Neeraj Singh are the Co-founders of Groww. Ishan Bansal, Harsh Jain, Lalit Keshre, and Neeraj Singh quit their jobs in 2016 to start an online investment platform for India. Coming from non-finance backgrounds, they bootstrapped the company and built the product themselves.

Lalit Keshre, CEO of Groww

Lalit Keshre is the Co-founder of Groww. He is an engineer from IIT Bombay and has worked in a product management department in Flipkart, India’s leading e-commerce marketplace for a few years. At flipkart Lalit launch Flipkart Marketplace and also led Flipkart Quick.

Earlier, Lalit founded Eduflix, an online learning company. He quit his job in May 2016 to start an online investment platform for India.

Ishan Bansal, Heads finance

Graduated from BITS Pilani. Ishan workd in the corporate department domain at Flipkart. Ishan holds an MBA in finance degree from XLRI. He pooled their savings and cofounded Groww, an online investment platform that allows users to invest in mutual funds, stocks, and ETFs.

Harsh Jain, Heads Growth & Business

Holds a B-Tech in Electrical Engineering from IIT Delhi. Harsh Jain is the Co-founder of Groww. He has worked in the product management department of Flipkart, India’s leading ecommerce marketplace, for a few years.

At Flipkart, Harsh was responsible for setting up and managing the company’s product management. Harsh Jain studied for his MBA from UCLA School of Management.

Harsh holds an MBA in finance from XLRI and he pooled their savings with Lalit and Neeraj to co-found Groww, an online investment platform that allows users to invest in mutual funds, stocks, and ETFs.

Neeraj Singh, Heads Product Development

A solution developer, passionate engineer, and coder. Neeraj holds a BE Degree from ITM, Glalior. Neeraj Singh is the Co-founder of Groww. Neeraj has worked in the software development industry for over 10 years.

At Flipkart, he was responsible for managing the company’s customer returns and refund system. Neeraj also holds PG Diploma in Advanced Computing from CDAC

The team at Groww is young and ambitious, and they are determined to help as many people as possible invest their money wisely and achieve their financial goals. Thanks to Groww, more and more people in India are becoming financially secure and investing for their future.

The team at Groww is passionate about making investing easy and affordable for everyone. Their goal is to help people save for their future and achieve their financial goals.

They are committed to providing the best possible user experience, and they are constantly working to improve the platform and add new features.

Funding Details:

Some of the most respected investors in the fintech space have backed this startup. In 2021, they raised $83m in the Series D round. A funding led by Tiger Global Management with the participation of existing investors Ribbit Capital, Sequoia Capital India, Propel Venture Partners, and YC Continuity.

In 2020, Groww raised $30m in Series C. YC Continuity led the fundraising with the participation from existing investors Ribbit Capital, Sequoia India, and Propel Ventures.

In 2019, the company raised $21.4m in Series B funding round Ribbit Capital, US-based VC firm. The round also saw participation from existing investors Y Combinator and Sequoia India.

This Online Investment Platform is now one of the fastest growing startups in India and is changing how Indians invest money.

Read also: How Razorpay, an Indian Startup, Became a Leader in the Payments Sector: Startup Story

They are focused on making investing easy and affordable for everyone in India, regardless of income level or experience. With Groww, anyone can invest in mutual funds for as little as Rs 100 per month.

Groww has been featured in numerous publications, including Forbes. In 2019, they were named one of the top 50 startups to watch by India Times.

Since its launch, this Online Investment Platform has been a huge success. The company has helped over 1 million people. Groww is now one of the largest investment platforms in India.

So what’s next for Groww? (Future Plan)

The team is planning to expand their reach even further and help more people invest money wisely and achieve their financial goals.

They also plan to introduce new products like deposits and features that will make it even easier for users to invest in the US stock market. Stay tuned for updates!

In just a few months, an Online Investment Platform had over 100,000 users on the platform. And they plan to continue growing and helping more people save for their future.

The story of Groww is a great example of how young entrepreneurs can achieve success by building something they are passionate about.

If you have a business idea, don’t be afraid to give it a try. The team at Groww proves that with hard work and determination, anything is possible.

If you’re looking to invest in mutual funds but don’t know where to start, Groww is a great option. With their easy-to-use platform and low minimum investment amount, they make investing accessible for everyone. Sign up for an account today and start growing your money!

Read also: CRED: Success Story of Failure to enter Unicorn Startup

An Online Investment Platform has already helped thousands of people invest in mutual funds and other financial products. If you’re looking for an easy way to invest in the stock market, then check out Groww – you won’t be disappointed!