Groww raises fresh funds as valuation triples in six months to $3 billion

Online investment platform Groww has raised $251 million in a new round of funding, tripling its valuation in barely six months to $3 billion, or about Rs 22,500 crore. The Bengaluru-based company had joined the unicorn club of privately held companies valued at $1 billion or more in April this year.

Groww is part of a group of high-growth startups that have raised back-to-back financing at steep valuations this year, cornering a large chunk of the capital as ET reported last week.