Indian Fintech Groww Grows Its Valuation To $3B In $251M Series E Funding Round

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Bengaluru based fintech startup Groww has raised $251 million in Series E funding round led by Iconiq Growth, at a valuation of ~$3 billion, approximately tripling its valuation since it last closed Series D in April this year. The funding round also witnessed participation from Alkeon Capital, Lone Pine Capital and Steadfast Capital as well as existing investors Sequoia Capital India, Ribbit Capital, Y Combinator Continuity Fund, Tiger Global Management and Propel Venture Partners. The four year old startup has raised over $390 million till date.

Founded in 2017 by Harsh Jain, Ishan Bansal, Lalit Keshre and Neeraj Singh, Groww provides an investment platform that offers a new way of investing money with stockbroking and direct mutual funds.

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