https://techcrunch.com/2019/09/19/groww-series-b/

Of the 1.3 billion people who live in India, more than 100 million of whom are using digital payment apps each day, only about 20 million today invest in mutual funds and stocks. An Indian startup that is betting on changing that figure by courting millennials has just received a big backing.

Groww, a Bangalore-based startup, said today it has raised $21.4 million in a Series B financing round that was led by US-based VC firm Ribbit Capital. Existing investors Sequoia India and Y Combinator also participated in the round, said the two-year-old startup that has raised about $29 million to date.