Microsoft CEO Satya Nadella joins Unicorn startup Groww as an investor
- ByTejika Bajaj | January 10, 2022
Stock investment unicorn Groww has recently welcomed Microsoft’s CEO Satya Nadella as its investor following a funding round. Satya Nadella has invested in the company and is going to thereon guide and advise the unicorn in their key operations.
Groww’s co-founder and CEO Lalit Keshre tweeted the announcement on January 8 saying, “Groww gets one of the world’s best CEOs as an investor and advisor. Thrilled to have @satyanadella join us in our mission to make financial services accessible in India.”
The stock investment platform’s other prominent investors include Ribbit Capital, Sequoia Y Combinator, Tiger Global, Propel Venture Partners, ICONIQ Growth, Alkeon, Lone Pine Capital and Steadfast amongst others.
This recent development comes just after the unicorn raised two rounds of funding in 2021. The first funding round garnered the startup the unicorn status. In October, the startup raises $251 million through its Series E round of funding thus taking its post money valuation to a whopping $3 billion.
The online mutual fund investment and stockbroking landscape has witnessed immense customer interest in India since the beginning of the pandemic. Job losses, health concerns led Indians to invest and save more in avenues including mutual funds and also try their luck at gaining from the stock market highs and lows.
The entry of Satya Nadella in the startup comes at a time when the investors have developed keen interest in fintech and stock investment startups following the consumer trends.
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