Groww reaches unicorn status in $83m series D

Apr 9, 2021 • Jordan Williams

The online investment platform developer was valued at over $1bn in a series D round backed by BBVA’s Propel Venture Partners.

India-based online investment platform developer Groww has secured $83m in a series D round featuring Propel Venture Partners, the venture capital firm formed by financial services firm BBVA, TechCrunch reported yesterday.

The round, which valued the company at over $1bn, was led by hedge fund manager Tiger Global Management and also featured venture capital firms Sequoia India and Ribbit Capital, as well as accelerator Y Combinator’s investment vehicle, YC Continuity.

Groww was founded in 2017 and operates an online platform…

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