Groww

Discount brokers take giant strides; now account for 57% of active clients

The majority of incremental customer acquisition is now happening from tier-2 cities

Sebi opens doors for MF investment platforms to charge transaction fee

They can charge some money but commission won't be allowed: Chairman Madhavi Puri Buch

CRED, upGrad, Groww claim top spots in LinkedIn's Indian startups ranking

Online professional network LinkedIn on Wednesday released a list of the top 25 start-ups in India that have shown resilience in an uncertain market environment, and are continuing to innovate in 2022. Topping this year's list is unified payments interface CRED. Valued at USD 6.4 billion, this young start-up maintained its podium position on the LinkedIn Top Startups list, moving from the third spot in 2021 to number one in 2022. "Besides gaining popularity for its quirky ads in the past two years, CRED is also setting new benchmarks for employee well-being by offering benefits such as ElderCare, egg freezing, and one-on-one support for mental wellness to its employees," a LinkedIn statement noted. The second spot on the list is taken by upGrad, one of India's largest online higher education companies that curates vast upskilling opportunities for professionals and college students, followed by Groww in third position. Groww is an online investment platform that provides an objecti

WealthTech firm Liquide raises $2.2 mn pre-seed led by M Venture Partners

Funds will be used to build a plug and play stock advisory layer to power existing brokerage accounts such as Zerodha, Upstox and Groww

NSE cautions investors against assured return products offered by 2 firms

The National Stock Exchange (NSE) on Tuesday warned investors not to fall prey to investment plans with guaranteed returns offered by entities Real Trader and Groww Stock

Free products and services win customers, paid ones help sellers monetise

Try to save cost on mode of investing, but it is usually not wise to scrimp on the cost of advice

'Indian investors satisfied with performance of their investments in 2021'

Encouraged by the performance of their investments in 2021, semi-urban and rural investors are willing to allocate a higher proportion of their savings to financial assets: Groww survey

threedots raises $4 mn in seed funding round led by Kalaari Capital

threedots app offers users a daily dose of financial news and a finance centric community apart from stock investing

Microsoft CEO Satya Nadella joins Groww as investor, advisor

Tiger Global-backed Groww said Microsoft chief executive officer Satya Nadella has joined the company as an investor and advisor

Groww's valuation hits $3 bn as start-up raises $251 mn in Series E round

ICONIQ Growth leads $251-mn fundraise in start-up which has over 20 mn users

Who are the biggest beneficiaries of India's digitisation drive in Covid?

When the JAM trinity was announced in 2014, the idea was to link mobile phones with Aadhaar and bank accounts. After UPI and wallets, now we have BharatQR and e-Rupee. Who has gained most from these?

Indiabulls Housing gets CCI approval to divest mutual fund biz to Groww

Indiabulls Housing Finance (IBHFL) has received the CCI approval to divest its mutual fund business to Groww for Rs 175 crore

Fintechs make their presence felt in MF space, see sharp growth in assets

Ease of access, innovative analytical tools and lower investing cost helping them score over traditional players

Fintech firm Groww enters Rs 32-trillion MF space with Indiabulls purchase

Groww said Sebi's recent change in sponsorship criteria for fintech companies has enabled it to enter into the asset management space

Online investment platform Groww to acquire Indiabulls MF for Rs 175 cr

Online investment platform Groww on Tuesday announced that it will be acquiring Indiabulls Mutual Fund for a total consideration of Rs 175 crore.

Groww's valuation shoots past $1 billion with $83 mn Series D funding

Funding round was led by Tiger Global; The company has so far raised a total of $142 million

Groww raises Rs 220 cr in Series C funding from Sequoia, Ribbit Capital

Investment platform Groww said it has raised Rs 220 crore in Series C funding round from existing investors Sequoia India, Ribbit Capital, Propel ventures and a new investor YC Continuity

MF industry's digital drive helps in collections of new fund offerings

The digital capability of the MF industry has helped NFOs have a wider access to different parts of the country, despite the current lockdown conditions

Groww raises $21.4 mn in Series B funding from Ribbit Capital, Sequoia

Groww, an investing platform offering direct mutual funds on its platform, has more than 2.5 million registered users

Online MF platform Groww raises $6.2 mn in Sequoia-led Series A funding

The company plans to build its technology platform and launch new products that offer high-quality investment options to the young, upwardly mobile generation.