Singapore – April 14, 2021 – Cooley advised Bangalore-based Groww, an online investment platform, on its $83 million Series D financing round, which brings the company's valuation to more than $1 billion. Cooley partner Matthew Bartus led the team advising Groww.
Tiger Global led the round, which also included participation from existing investors Sequoia Capital India, Ribbit Capital, YC Continuity and Propel Venture Partners. Groww will use the new capital to expand its product suite, hire top-quality talent and invest heavily in financial education awareness.
"We started Groww almost five years back to make investing accessible and transparent to everyone in India," Lalit Keshre, co-founder and chief executive of Groww, said in a news release. "We have made good progress, but it feels we have just gotten started,"
Groww allows users to invest in stocks, mutual funds, exchange traded funds, IPOs, systematic investment planning, equity-linked savings and gold. The startup has amassed more than 15 million registered users, two-thirds of whom are first-time investors, offering every fund that is currently available in India.'