Microsoft CEO Satya Nadella joins fintech platform Groww as investor, adviser

Microsoft CEO Satya Nadella joins fintech platform Groww as investor, adviser

AgenciesUpdated: Sunday, January 09, 2022, 09:53 AM IST
article-image
Thrilled to have @satyanadella join us in our mission to make financial services accessible in India, Groww's CEO tweeted. / Representative image of Satya Nadella, CEO, Microsoft | AFP

Homegrown fintech platform and Tiger Global-backed investing firm Groww on Saturday said Microsoft chief executive officer Satya Nadella has joined the company as an investor and advisor.

''Groww 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.

Groww had raised $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 $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, Tiger Global and Propel Venture also participated. In April 2021, the digital firm had raised $83 million (around Rs 615 crore) in a funding round led by Tiger Global.

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.

(With inputs from PTI)

RECENT STORIES

Ipca Laboratories Shareholders Reject Employees Stock Option Scheme Resolution

Ipca Laboratories Shareholders Reject Employees Stock Option Scheme Resolution

Toyota Set To Raise Prices On Select Models Starting April 1!

Toyota Set To Raise Prices On Select Models Starting April 1!

The Storm On Wheels: Suzuki Launches V-STROM 800DE

The Storm On Wheels: Suzuki Launches V-STROM 800DE

With 1,59,000 Cases, Maharashtra, India's Richest State Has The Highest Number Of Bank Frauds:...

With 1,59,000 Cases, Maharashtra, India's Richest State Has The Highest Number Of Bank Frauds:...

Deepinder Goyal Net Worth: Zomato Boss Net Worth About ₹2,570 Cr, Check Out His Fleet Of Luxury...

Deepinder Goyal Net Worth: Zomato Boss Net Worth About ₹2,570 Cr, Check Out His Fleet Of Luxury...