Main Highlights:
- Groww, created in 2017 by four former Flipkart workers, Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, enables individual investors in India to engage directly in mutual funds, shares, exchange-traded funds, and initial public offerings.
- Satya Narayana Nadella is an Indian-born American business executive. He succeeded Steve Ballmer as CEO in 2014 and John W.
- Groww, an online trading platform based in Bengaluru, said Saturday that Microsoft Chairman and CEO Satya Nadella had joined the company as an investor and advisor.
- Groww raised $251 million (about Rs 1,885 crore) in October 2021, led by Iconiq Growth, for a $3 billion value.
- According to the company’s official statement, it will deploy capital to increase the accessibility and transparency of financial services for Indian citizens.
Groww, a Bengaluru-based online trading platform, said Saturday that Microsoft Corporation Chairman and CEO Satya Nadella had joined the firm as an investor and advisor. Groww co-founder and CEO Lalit Keshre stated on Twitter that Groww had secured an investor and advisor in one of the world’s best CEOs. They were adding that he is overjoyed to have Satya Nadella join them to increase access to financial services in India.
The startup has not yet announced the financial terms of the transaction. Groww raised $251 million (about Rs 1,885 crore) in October 2021 in a fundraising round headed by Iconiq Growth, with a valuation of $3 billion. Alkeon, Lone Pine Capital, and Steadfast participated in the Series E round. Existing investors Sequoia Capital, Ribbit Capital, YC Continuity, Tiger Global, and Propel Venture Partners participated in the round.
According to its official statement, it will invest capital to make financial services more accessible and transparent for Indian citizens. Additionally, it intends to continue making substantial investments in financial education and awareness. In April of last year, the business raised $83 million in a Series D round, valuing it at more than $1 billion and bringing it into India’s unicorn club.
About Groww
Groww, founded in 2017 by four former Flipkart employees, Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, enables retail investors in India to participate directly in mutual funds, equities, ETFs, and initial public offerings. It presently has over 20 million customers and 500 employees.
According to reports, the business is expanding the asset classes available to its users. Groww competes with companies such as Zerodha, Upstox, and Paytm Money. Upstox reached a billion-dollar valuation in November following a $25 million investment from Tiger Global.
Microsoft CEO Satya Nadella
Satya Narayana Nadella is an Indian-born corporate executive in the United States. He is the executive chairman and chief executive officer of Microsoft, following Steve Ballmer as CEO in 2014 and John W. Thompson as chairman in 2021. Before he was appointed CEO, he served as executive vice president of Microsoft’s cloud and enterprise group, where he oversaw the development and operation of the company’s computing platforms.
Nadella was born into a Telugu-speaking Hindu household in Hyderabad, present-day Telangana, India. Prabhavati was a Sanskrit lecturer, while Bukkapuram Nadella Yugandhar was a 1962 batch Indian Administrative Service officer.
Nadella attended the Hyderabad Public School in Begumpet before earning a bachelor’s degree in electrical engineering from the Karnataka-based Manipal Institute of Technology in 1988. He then moved to the United States to pursue a master’s degree in computer science at the University of Wisconsin–Milwaukee, which he graduated in 1990. Later that year, in 1997, he earned an MBA from the University of Chicago Booth School of Business.
