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Groww is the brand name for Nextbillion Technology Private Limited offering online trading and investment services to investors. Groww is a safe and reliable online discount broker offering stock, mutual funds, and gold investments to its customers.
The company believes in constant improvement, maintaining transparency, and adopts feedback-oriented approach to provide better services to its customers as per customer needs and convenience.
Groww is an online stockbroker with no branches. The company offers a proprietary trading platform Groww for trading and investment.
Next Billion Technology Private limited, the company behind Groww, is a SEBI registered broker and a depository participant with CDSL. It is a member of BSE and NSE. As a member of stock exchanges, the transactions of the company get scrutinized at regular intervals.
The following are some of the key facts you should know about Groww.
Groww started as a mutual fund investment platform and is very new in the Equity stockbroking space. Hence, we may not be able to assess the company based on a client to complain ratio and regulatory violations. However, let us have a look at a few other parameters which tell us about the safety of the broker.
Groww does not offer risky product of margin funding to customers for trading.
Started in 2016 with the mutual fund as the only offering, Groww has earned 90 lakhs+ users across India in such a short span. The healthy client base reflects the trust of the customers over the years
Groww has strong backing from world-class investors - Ribbit Capital, Sequoia, Combinator, Kauffman Fellows, Propel, and Kairos. The investments by such big investors in the company mean that the investors have high confidence in the management of the company. Also, the funding shows that the company is serious about its expansion plans and is thinking long-term.
Groww believes in making decisions bearing in mind customer needs and convenience.
Groww has one single brokerage rate for all its customers. Having a single rate for all customers reduces the operational risks significantly.
Groww publishes a lot of content and information related to capital markets for educational and awareness purposes. However, Groww never offers any advice, tips, or recommendations to its customers. The company offers only online trading services. Thus, there is no conflict of interest or financial motive to push a particular product to the customers.
Groww trading app is a safe and secured app with a high level (128-bit) of encryption that protects the customer data and transactions.
While Groww is a safe broker, one must be aware of the fact that Groww undertakes proprietary trading in addition to client-based business. Thus, the customers should be aware of this disclosure and should be careful while assigning any PoA to the broker.
Groww is registered with SEBI as a Stock Broker and a Depository Participant in the name of Next Billion Technology Private Limited. The company is also a member of leading stock exchanges like NSE and BSE, MCX, and NCDEX. Groww's various membership details are as follows:
Groww is a safe, reliable, and trusted stockbroker in India. The company is a genuine stockbroker with all required certifications and memberships. The company is also looking forward to expanding its product offerings to help customers diversify their investments across multiple asset classes. As a customer, you can rely on the company to be fair and consider your money to be safe with Groww as with any other leading stockbroker.
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Groww is a safe and secured app with SSL certification and 128-bit encryption keeping the information secured. Moreover, the Groww mutual fund transactions are done via BSE and thus are completely safe.
Groww believes in simplicity, honesty, integrity, and is customer-centric. Groww has won millions of hearts and has 90 lakhs+ customer base.
Groww is a SEBI registered broker, a member of NSE and BSE, and has all the required certifications for conducting the business. The company is backed by world-class investors that reflects the trust and confidence the investors have in the company management and its corporate policies.
Groww is a SEBI registered broker, a member of BSE and NSE, and a CDSL depository participant member. The company is genuine with all required licenses to conduct the business.
In the case of mutual fund transactions, Groww acts as a mere intermediary as your transactions with AMC gets routed through the BSE platform, and at no stage, Groww handles your money directly. Groww also uses high encryption standards to store personal information securely.
Overall, Groww is as reliable as any other broker in the market.
Groww is a safe and secured trading platform with SSL certification and 128-bit encryption, one of the most secure encryption methods.
Moreover, Groww is a SEBI registered broker, a member of NSE and BSE, and an AMFI registered mutual fund distributor. Being a member of such regulatory authorities, the transactions of the company gets scrutinized at regular intervals protecting the interest of the investors.
Yes, Groww is a SEBI registered Stockbroker in the name of NextBillion Technology Private Limited.
Groww SEBI Registration no.: INZ000208032.
Groww is a safe, secure, genuine, and reliable investment platform with the below-stated reasons reflecting its safety.
Thus, Groww is as safe as any other broker in the market for your investments.
Groww is owned by Mr. Lalit Keshre, Mr. Harsh Jain, Mr. Ishan Bansal, and Mr. Neeraj Singh. All 4 founders were ex-Flipkart employees who started Groww in 2016.
Groww is backed up by lead investors like Tiger Global Management, Y Combinator Continuity Fund, Ribbit Capital, Sequoia Capital India and had its series D round of funding of Rs 6.2B in April 2021 by Tiger Global Management. In total, Groww has raised a total funding of $142.7M in over 6 rounds.
About Groww's FoundersLalit heads the operations and overall business at Groww. Before starting Groww, Lalit was in a senior product role at Flipkart, where he launched and led Flipkart Quick and was part of Flipkart Marketplace. Lalit graduated from IIT Bombay in Microelectronics and has more than 10 years of experience in building products as a founder, product manager and engineer.
Harsh Jain handles Growth and customer acquisition at Groww and is also an AMFI registered Mutual Fund Advisor. Prior to Groww, Harsh was associated with the product team at Flipkart as a product manager where he built products for Flipkart marketplace and logistics. Harsh is a B-Tech graduate in Electrical Engineering stream and holds a Masters in Information and Communication Engineering degree from IIT Delhi. He has done his MBA in product management and marketing from UCLA.
Neeraj handles product development and customer research at Groww. Prior to Groww, Neeraj was with Flipkart as an engineering manager where he built the Flipkart customer returns and refund system. Neeraj is a BE graduate in Information Technology from ITM, Gwalior and holds a PG Diploma in Advanced Computing from CDAC.
Ishan heads Finance at Groww. Before Groww, Ishan was in the corporate development domain with Flipkart. He has also handled corporate development and M&A at IbiboGroup/ Naspers in India. Ishan is a BITS Pilani graduate and holds an MBA in Finance from XLRI, Jamshedpur and is also a CFA Charterholder.
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Information on this page was last updated on Thursday, July 15, 2021
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