Groww to expand with $251m series E

Oct 25, 2021 • Robert Lavine

The online investment platform developer tripled its valuation to $3bn in a round that included Propel Venture Partners.

India-based online investment platform developer Groww has raised $251m in a series E round featuring Propel Venture Partners, the venture capital firm formed by financial services firm BBVA, Business Standard reported today.

Investment adviser Iconiq Growth led the round at a $3bn valuation and it was also backed by Lone Pine Capital, Alkeon Capital Management, Steadfast Capital, Sequoia Capital India, Ribbit Capital, Tiger Global Management and Y Combinator’s YC Continuity fund.

Groww operates an online platform where users can invest…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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