User:Ashokkelsa/Groww

Groww is an India based Y Combinator backed online investment platform. Headquartered in Bengaluru, Groww operates a website, groww.in, and an Android Mobile app. On both these platforms, Groww allows investors to open an account electronically and transact in mutual funds. As of Jan 2018, Groww had partnered with 34 mutual fund houses and around 5000 mutual funds were available on the platform. Groww also provides a mutual fund explorer with mutual fund related information including its performance over the past few years.

Business model
The app and its services are available free-of-charge to the customer. The company makes money through commissions received from various mutual fund houses as distributor or service provider fee.

History and Funding
Groww is operated by Nextbillion Technology Pvt ltd, founded in April 2016 by former Flipkart employees Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. It received seed capital from investors including Y Combinator, Mukesh Bansal and Ankit Nagori in Jan, 2018.