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Groww raises $6.2 million from Sequoia & others

​​The Bengaluru- based startup intends to use the funds to build the technology platform, launch new products.

, ET Bureau|
Last Updated: Jan 24, 2019, 10.59 AM IST|Original: Jan 24, 2019, 10.59 AM IST
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BENGALURU: New-age mutual funds investment platform Groww has raised $6.2 million in a series-A round of funding led by Sequoia India. The round also saw participation from its existing investors Y Combinator, Propel Venture Partners and Kauffman Fellows.

The Bengaluru- based startup intends to use the funds to build the technology platform, launch new products and take investments to the millennial population.

ET had written in its December 7 edition, last year, that Groww was in final stages of raising funds from Sequoia India.

Launched in April 2017 by ex-Flipkart executives Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal, Groww sells direct mutual funds through its platform and plans to roll out other investment products including stocks soon.

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