Company Focused Market Research Report
Company Overview
Name
Groww (Groww Invest Tech Pvt. Ltd. formerly known as Nextbillion Technology Pvt. Ltd)
Mission of the Company
To democratize finance for India by making investing easy, fast, and transparent.
Founding Date and Founders
Founded in 2016.
Key People
No information is available.
Headquarters
Vaishnavi Tech Park, 3rd & 4th Floor, Sarjapur Main Road, Bellandur, Bengaluru – 560103
Number of Employees
1,000+
Revenue
No information is available.
Company Highlights
- Trusted by over 10 million (1 Cr+) active investors.
- Known for being India's No.1 Stock Broker and Trading Platform.
- Offers a comprehensive suite of investment solutions including mutual funds, stocks, US Stocks, ETFs, IPOs, and F&O.
Products
Stocks
- Description: Investment in stocks listed on NSE and BSE.
- Key Features: Diversification, SIP investments starting as low as ₹500, advanced market indices, technical analysis tools.
Futures & Options (F&O)
- Description: Investment in futures and options.
- Key Features: Higher leverage, ability to hedge, and advanced trading options.
IPOs
- Description: Initial Public Offerings for companies.
- Key Features: Opportunity to invest in companies going public, transparent fee structure.
Mutual Funds
- Description: A diverse range of mutual funds to invest in.
- Key Features: Diversification, SIP options, and objective evaluation of products.
NFO (New Fund Offers)
- Description: Investment in new mutual fund schemes.
- Key Features: Early investment opportunities, diversified portfolio options.
Credit and Bill Payments
- Description: Facility to handle credit and bill payments.
- Key Features: Ease of transaction, secure payment options.
Recent Developments
New Partnerships
- Reliance: Formed a joint venture with Delta Galil Industries to expand its apparel business in India.
- TCS: Partnered with Mansfield Building Society to improve their digital infrastructure.
New Projects
- Tata Power: Started production at a 4.30 GW solar cell manufacturing plant in Tamil Nadu.
- SJVN: Formed a joint venture with GMR Energy and IREDA to build a 900 MW hydro project in Nepal.
Fundraising and Financial Growth
- Godrej Properties: Raised Rs 64.60 Cr through non-convertible debentures.
- JSW Energy: Secured a 600 MW wind-solar power project.
Major Business Milestones
- Valuation Increase: Completed Rs 175 Cr acquisition of the Indiabulls Mutual Fund business.
- Investor Confidence: Raised $251 million, tripling its valuation to $3 billion within six months.
Conclusion
Groww has solidified its position as a leader in the Indian financial market by continuously expanding its offerings, establishing strategic partnerships, and achieving significant financial milestones. Groww stands as a comprehensive investment platform providing a variety of financial products to meet the diverse needs of its customers.
This report compiles all the available information provided and excludes any sections where data was not available.