technology

Groww brings on board Microsoft chief Satya Nadella as an investor, advisor


New Delhi: Online investment platform Groww’s founder Lalit Keshre said that Microsoft CEO Satya Nadella has joined the company as an investor and advisor.

“Groww gets one of the best CEOs in the world as an investor and advisor. Glad to see @satyanadella joining us in our mission to make financial services accessible in India,” Keshre tweeted.

In April last year, Groww
raised $83 million in a Series D funding round led by Tiger Global, making its way into the coveted unicorn club. Within the next six months, the investment platform
raised another $251 million in a new round of funding, tripling its valuation to $3 billion, or about Rs 22,500 crore.

Founded in 2016 by former Flipkart executives Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal, Groww enables retail investors to access financial products and services through the web and mobile.

Users can invest in direct mutual funds, stocks, ETFs ( exchange traded funds), and IPOs.

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Groww competes with the likes of Zerodha, Upstox and Paytm Money as a stockbroking platform for retail traders, and with Tiger Global-backed IndWealth, Accel’s portfolio company Scripbox, and Time Internet-owned ET Money in maintaining investment portfolios and mutual fund accounts.

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