Groww has tripled its valuation to $3 billion in just six months as the Indian fintech startup looks to broaden its offerings and help more millennials start their investment journey in the world’s second largest internet market.
Iconiq Growth led the Bangalore-based startup’s $251 million Series E financing round. Alkeon, Lone Pine Capital and Steadfast as well as existing investors Sequoia Capital India, Ribbit Capital, YC Continuity, Tiger Global, and Propel Venture Partners “significantly” participated in the new round.
Groww, which has now raised over $390 million to date, was valued at $250 million in September last year and $1 billion in April this year.
TechCrunch reported last month that Groww …
