Satya Nadella invests in Indian fintech Platform Groww
By MYBRANDBOOK
India's online trading platform Groww announced on Saturday that Chairman and CEO of Microsoft Corporation Satya Nadella has joined the company as an investor and advisor.
Groww CEO Lalit Keshre said: "Groww gets one of the world's best CEOs as an investor and advisor." "Thrilled to have @satyanadella join us in our mission to make financial services accessible in India," he said on his tweet.
This comes a few months after the company raised $251 million at a valuation of $3 billion, led by ICONIQ Growth and other investors, including Alkeon, Lone Pine Capital and Steadfast.
Groww has a capsule of investors include Sequoia Capital, Ribbit Capital, Y Combinator, Tiger Global and Iconiq Growth. It competes with the likes of Zerodha, Upstox, and Paytm Money, as a stockbroking platform for retail traders.
Groww allows users to invest across direct mutual funds, exchange-traded funds (ETFs), stocks and IPOs. The online investment platform in May last year had announced to acquire Indiabulls Mutual Fund for Rs 175 crore.
In October last year, Groww had raised $251 million led by Iconiq Growth, at a valuation of nearly $3 billion. The round also saw participation from investors like Alkeon, Lone Pine Capital and Steadfast.
Started in 2016, Groww enables Indian retail investors to invest in direct mutual funds, stocks, ETFs and IPO. Groww plans to extend its reach to the under-penetrated geographies, strengthen the team and scale tech infrastructure. The company also plans to continue making significant investments in spreading financial education and awareness.
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
CENTRE FOR DEVELOPMENT OF TELEMATICS
STERLITE TECHNOLOGIES LTD.
FINOLEX INDUSTRIES LTD.
TVS ELECTRONICS LTD.
Technology Icons Of India 2023: Dilip Asbe
Dilip Asbe is the MD & CEO of National Payments Corporation of India (...
Technology Icons Of India 2023: Lt Gen (Dr.) Rajesh Pant (Retd.)
LT Gen(Dr.) Rajesh Panth (Retd.), National cyber security coordination...
Technology Icons Of India 2023: Amitabh Kant
Amitabh Kant is presently the G20 Sherpa of India during its Presidenc...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
GSTN aims to integrate indirect tax ecosystem on a shared IT infrastructure
Goods and Services Tax Network (GSTN) has built Indirect Taxation plat...
HPCL is transforming the energy landscape, across the nation and beyond
HPCL is world-class energy company known for caring and delighting the...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...
TECH DATA, A TD SYNNEX COMPANY
Tech Data Corporation was an American multinational distribution compa...
NETPOLEON SOLUTIONS
Netpoleon Group is a Value-Added Distributor (VAD) of Network Security...