Company Market Research Report

1. Company Overview

1.1 Name and Mission of the Company

Name: Groww

Mission: To democratize investment opportunities and simplify finance for India's masses through an easy, fast, and transparent platform.

1.2 Founding Details

Founded: 2016

Founders: No information available.

1.3 Key People

No information available

1.4 Headquarters

Location: Vaishnavi Tech Park, 3rd & 4th Floor, Sarjapur Main Road, Bellandur, Bengaluru – 560103, India.

1.5 Number of Employees

Employees: Over 1,000 team members.

1.6 Revenue

Revenue: No information available

1.7 What is the Company Known For

Reputation: Groww is India's No.1 Stock Broker and Trading Platform, trusted by over 10 million active users for their investment solutions in stocks, mutual funds, ETFs, IPOs, and F&Os. It's recognized for simplifying finance for Indians and providing a user-friendly experience.

2. Products

2.1 Products Offered

Stocks: Investing in Nifty 50 (NSE) & Sensex (BSE) listed stocks.

Futures & Options (F&O): Derivatives trading to hedge risks or speculate.

IPO (Initial Public Offerings): Direct investment in upcoming IPOs.

Mutual Funds: Investment in a wide range of mutual funds.

NFO (New Fund Offers): Investment opportunities in newly launched mutual funds.

Credit: Financing solutions (details not specified).

Bill Payments: Payment of utility bills through the Groww platform.

2.2 High-level Description of Products

Stocks: Offers a platform for trading stocks listed on major Indian stock exchanges.

Futures & Options: Enables customers to trade derivative contracts.

IPO: Efficient access to invest in newly listed companies.

Mutual Funds: Includes comprehensive lists from top investment firms.

NFO: Allows investment in new mutual fund schemes right from their launch.

Credit: Provides credit services (no specific details available).

Bill Payments: A feature to manage and pay bills directly from the app.

2.3 Key Features of Each Product

Stocks

Invest in a diverse range of stocks listed on Nifty 50 & Sensex.

Objective evaluations of stocks, with advanced technical analysis tools.

Futures & Options (F&O)

Trade futures and options on the platform with technical support.

IPO

Access to upcoming IPOs with simplified investment processes.

Mutual Funds

Diverse fund options from recognized fund houses.

Tools for switching regular funds to direct funds.

NFO

Opportunity to invest early in new mutual fund schemes.

Credit

No detailed features are provided.

Bill Payments

Secure transactions for utility bills.

3. Recent Developments

3.1 Recent Developments in the Company

Expanded Offerings: Groww is looking to expand its array of financial products, enhancing its service offering to cover more financial needs.

3.2 New Products Launched

Intraday Trading and ETFs Launch: Introducing new investment options such as intraday trading and ETFs.

3.3 New Features Added to Existing Products

UPI Payments via 'Pay' Feature: Launched a new feature enabling UPI payments.

3.4 New Partnerships

No information available.

3.5 Financial Achievements

Fundraising and Valuation: Recently raised $251 million, tripling its valuation to $3 billion within six months.

Profit and Revenue Growth: Groww FY22 profit increased as revenue jumped by 760%.

4. Media & Press Presence

4.1 Noteworthy Media Coverage

Major Fundraising: Raised $83 million at over $1 billion valuation from Tiger Global and others, receiving the unicorn tag.

Senior-Level Appointments: Initiated key senior-level appointments to drive growth.

Customer Growth: Acknowledged for growing to 1.5 crore users in 5 years, becoming one of India's fastest-growing investment platforms.

Innovative Campaigns: Launched new advertising campaigns encouraging women to invest.

4.2 Media Assets

High Resolution Images & Logos: Available for download for media use.

5. Company Culture and Careers

5.1 Employee Experience

Groww boasts a dynamic and energetic work environment far from the traditional corporate setting.

Prioritizes a fun, engaging, and fulfilling workspace with significant responsibilities and opportunities for innovation.

5.2 Career Opportunities

Continually seeking talent passionate about customer service and financial technology.

Address for Correspondence

Groww Headquarters: Vaishnavi Tech Park, 3rd & 4th Floor, Sarjapur Main Road, Bellandur, Bengaluru – 560103, India.

Website: [Groww](https://groww.in)

© 2016-2024 Groww. All rights reserved. Built with ♥ in India.

Disclaimer: All provided information is based on publicly available data up to the year 2024. Please refer to Groww's official communications for the most accurate and updated details.