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Microsoft CEO Satya Nadella joins Groww as investor, advisor

Tiger Global-backed Groww said Microsoft chief executive officer Satya Nadella has joined the company as an investor and advisor

Topics
Groww | Satya Nadella | Microsoft

Press Trust of India  |  New Delhi 

Satya Nadella
Satya Nadella

Tiger Global-backed on Saturday said chief executive officer has joined the company as an investor and advisor.

" gets one of the world's best CEOs as an investor and advisor. Thrilled to have @satyanadella join us in our mission to make financial services accessible in India," Groww's co-founder and CEO Lalit Keshre tweeted.

However, he didn't disclose the financial details of the investment.

had raised USD 251 million (around Rs 1,885 crore) in October last year in a funding round led by Iconiq Growth, which valued the mutual fund and stock investment platform at USD 1 billion.

The funding round also saw participation from investors like Alkeon, Lone Pine Capital and Steadfast.

Groww's existing investors Sequoia Capital, Ribbit Capital, YC Continuity, and Propel Venture also participated.

In April 2021, the digital firm had raised USD 83 million (around Rs 615 crore) in a funding round led by .

Groww enables users to invest in stocks, mutual funds, ETFs, IPOs, Gold etc.

Started in 2017, it claims to have more than 15 million registered users.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sat, January 08 2022. 21:59 IST
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