Acquired Indiabulls Mutual Fund / AMC and rebranded it as Groww Mutual Fund, expanding into asset management.
SourceMaking financial services simple, transparent and delightful.
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Groww is an India-focused retail investing and wealth-tech platform offering self-directed investing across mutual funds, stocks, ETFs, IPOs, F&O, US stocks, credit, and newer wealth/asset-management products. It describes itself as India’s largest stock broker by active users and emphasizes simple, paperless, customer-first investing.
Primary product
Retail investing platform for mutual funds, stocks, ETFs, IPOs, F&O, and US stocks
Founded
2016
Headquarters
Vaishnavi Tech Park, South Tower, 3rd Floor, Sarjapur Main Road, Bellandur, Bengaluru 560103, Karnataka, India
Team size
1,000-2,000
Work style
Flexible
Industry
Financial Services
Sub-industry
Online brokerage / wealthtech / investment platform
Offices
Business model
Stage
late-stage / pre-IPO
Total raised
$593.2M
Latest round
Series F · Jun 2025
Latest amount
$200M
Jun 2025 · GIC
Strategic investment / Series E-II
Jan 2022 · Satya Nadella
Oct 2021 · ICONIQ Growth
Apr 2021 · Tiger Global Management
Sep 2020 · Y Combinator Continuity
Sep 2019 · Ribbit Capital
Jan 2019 · Sequoia India
Jan 2018 · Y Combinator / CureFit founders
Jan 2018 · Insignia Venture Partners
Leadership
Chairman
Whole-time Director & CEO
Whole-time Director & COO
Whole-time Director & CTO
Whole-time Director & CFO
Company Secretary & Compliance Officer
Head - Investor Relations & Corporate Development
Investors
Startup-like, fast-paced, and high-ownership culture with strong customer obsession, autonomy, experimentation, and lean-team execution. Official materials stress that employees own outcomes, can experiment and learn, and work against large-scale customer responsibility.
Work style
Flexible
Compensation
No official compensation grid was found. Public third-party employee reviews and employer profiles mention performance bonuses, equity/stock options, overtime compensation in some cases, and salary ranges for roles such as software developers. Reported benefits also include health/life insurance, parental leave, PTO, snacks, and learning support.
Benefits
Pricing
Self-directed investing platform with zero-commission direct mutual funds and transaction-based brokerage/fees on trading products; some newer wealth/credit products likely monetize via product and platform fees
Differentiators
Technology
Customers
Competitors
Estimated revenue
USD 500M-600M (roughly ₹4,600-5,000 crore FY26)
Estimated monthly visits
26.2M
Traffic estimate as of Jun 2026
Acquired Indiabulls Mutual Fund / AMC and rebranded it as Groww Mutual Fund, expanding into asset management.
SourceCompleted acquisition of wealthtech platform Fisdom, marking an expansion into wealth management.
SourceDiscontinued bill payments and mobile recharge services under Groww Pay, narrowing the payments business.
SourceGroww Pay Services’ RBI payment-aggregator licence was cancelled / surrendered in January 2026, indicating an exit from that business line.
SourceThe Economic Times · Jul 2026
Groww said it added net active clients despite an industry-wide decline, while parent revenue and profits rose sharply in Q1 FY27.
The Economic Times · Jul 2026
Groww reported FY27 Q1 consolidated net profit of Rs 735 crore and revenue of Rs 1,501 crore, up 94% and 66% YoY respectively, while also highlighting strength in newer products such as MTF and commodities.
The Economic Times · Apr 2026
Q4 FY26 revenue rose 87% YoY to Rs 1,505 crore and net profit more than doubled to Rs 686 crore; the company also disclosed its acquisition of Fisdom and continued investments in AI and lending.
Reuters · Jan 2026
Reuters reported Groww's quarterly profit and noted State Street’s planned investment into its asset management arm, marking a strategic expansion in wealth management.
Reuters · Nov 2025
Groww's parent listed in India; shares jumped on debut, valuing the company at $8.6 billion after a $754 million IPO.