Advertisement
Tuesday, Sep 27, 2022
Outlook.com
Outlook.com

Microsoft CEO Satya Nadella Invests In Investment Platform Groww

The investment by Microsoft CEO Nadela came after the Bangalore-based start up raised $251 million at a valuation of $3 billion in October last year.

Microsoft CEO Satya Nadella Invests In Investment Platform Groww
Microsoft CEO Satya Nadella Invests In Investment Platform Groww
outlookindia.com
2022-01-08T16:34:50+05:30

Microsoft CEO Satya Nadella has invested in stock market and mutual fund investment platform Groww, its co-founder Lalit Keshre said on micro-blogging site Twitter. 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, Keshre said on Twitter.

The investment by Microsoft CEO Nadela came after the Bangalore-based start up raised $251 million at a valuation of $3 billion in October last year. The investment was led by ICONIQ Growth along with investors including Alkeon, Lone Pine Capital and Steadfast.

Groww is backed by world's leading private equity and venture capital investors like Sequoia Capital, Ribbit Capital, YC Continuity, Tiger Global, and Propel Venture Partners.

The emerging fintech platform, Groww, has plans to invest its capital in expanding its business operations to reach to the under-penetrated geographies by strengthening its team and scaling up its infrastructure. It also plans to continue making significant investments in improving the accessibility of its financial services to the people of India. And educate them on the same.

In April last year, the company had raised $83 billion as series D capital led by Tiger Global.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement