Groww Reaches Unicorn Status With Series D Round

Singapore – April 14, 2021 – Cooley advised Bangalore-based Groww, an online investment platform, on its $83 million Series D financing round, which brings the company’s valuation to more than $1 billion. Cooley partner Matthew Bartus led the team advising Groww.

Tiger Global led the round, which also included participation from existing investors Sequoia Capital India, Ribbit Capital, YC Continuity and Propel Venture Partners. Groww will use the new capital to expand its product suite, hire top-quality talent and invest heavily in financial education awareness.

“We started Groww almost five years back to make investing accessible and transparent to everyone in India,” Lalit Keshre, co-founder and chief executive of Groww, said in a news release. “We have made good progress, but it feels we have just gotten started,”

Groww allows users to invest in stocks, mutual funds, exchange traded funds, IPOs, systematic investment planning, equity-linked savings and gold. The startup has amassed more than 15 million registered users, two-thirds of whom are first-time investors, offering every fund that is currently available in India.'

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,200 lawyers across 16 offices in the United States, Asia and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.