Microsoft CEO Satya Nadella joins stock buying and selling system Groww as trader and advisor

Microsoft CEO Satya Nadella joins stock buying and selling system Groww as trader and advisor

In what would present substantial reliability strengthen to stock investing platform Groww, Microsoft CEO and Chairman Satya Nadella, has joined the business as an investor and advisor.

Groww, the Bengaluru-dependent mutual fund and inventory financial investment system, has been increasing in excess of the previous yr. Like a lot of other people, it has ridden the 2021 fundraising waves and was valued at $3 billion after a fresh new $25 million funding spherical final October. And now, it incorporates Microsoft Chairman and CEO as an trader and advisor.

Groww CEO Lalit Keshre took to Twitter to announce the enhancement. The startup was founded in May perhaps 2016 by Keshre, Severe Jain, Neeraj Singh, and Ishan Bansal.

“Groww will get one particular of the world’s greatest CEOs as an investor and advisor. Thrilled to have @satyanadella join us in our mission to make financial products and services obtainable in India,” he tweeted.

Groww, backed by names this kind of as Sequoia Money, Tiger International, and others, had turn into one of the various firms to come to be a unicorn last year, which observed amazing amounts elevated by startups throughout the state. Groww entered the unicorn club in April 2021 immediately after it raised $83 million in its Sequence D round, which valued it at above $1 billion.

With Groww, you can make investments across immediate mutual money, exchange-traded money (ETFs), shares, gold, IPOs, and other selections merely and proficiently. It also supplies instruments for stock and portfolio investigation for traders. Its rivals include names these kinds of as Zerodha, Paytm Cash, and Upstox. Groww has arrive a lengthy way from its initial days and currently, it statements to have more than two million energetic buyers in shares and around 20 million users on its platforms. 70% of its customers come from Tier-II and Tier-III metropolitan areas.

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