Groww - An App For Investing in Mutual Funds and Stocks
Founded in February 2015, Groww is a discount broker in India. It offers mutual funds, stocks and ETFs to its customers. The company's CEO, Ishan Bansal, previously worked at Naspers Limited and Flipkart. He has a Bachelor's degree in Mechanical Engineering from BITS Pilani and MBA from XLRI Jamshedpur.
The Groww app offers a number of features that facilitate hassle-free investment. It has a simple, streamlined dashboard that offers investors a quick glimpse of their investments. They can also track real-time market data and compare the performance of various mutual funds.
The app is available for Android and Apple iOS devices. It also uses bank-grade encryption to secure data. It has a clean user interface and an in-built calculator.
With Groww, customers can invest in mutual funds and stocks, and buy digital gold. They can also create a customized watchlist to track their investments. The company also offers daily market updates, research reports and email alerts.
Groww has over 8 million registered users. It was also named one of the top finance apps in the Google Play Store. It has a 4.3 rating, and more than one million downloads in the play store.
The company recently raised $1.6 million in pre-series A funding, including America Lightbridge Partners and Insignia Venture Partners. It plans to educate investors about intra-day trading and ETFs.
Groww also offers free advice on mutual funds for a month. The app is 100% paperless. Users can create customized market watchlists, and add their favorite stocks to it. The company also offers SMS alerts.