Wealth mgmt startup Groww raised $251 million, tripling its valuation to $3 billion in 6 months

Groww, a wealth management and investment platform raised $251 million from Sequoia Capital, Ribbit Capital, YC Continuity, Tiger Global & Propel Venture Partners, where Alkeon, Lone Pine Capital & Steadfast also participated at $3 billion valuation which tripped in last 6 months

Groww is a web-based investment platform that allows users to invest in mutual funds and stocks, now seeks to expand its offerings and assist more millennials in beginning their investment journey in the world's second largest internet market. It will also use the funds to continue making significant investments in financial education and investment product awareness.

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