Microsoft CEO Satya Nadella joins fintech unicorn Groww as an investor

Satya Nadella

Tiger Global-backed fintech unicorn Groww has announced that Microsoft CEO Satya Nadella has joined the firm as an investor and advisor.

“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,” Groww CEO Lalit Keshre shared the news on Twitter.

However, the financial details of the investment are not yet revealed.

In April last year, the wealth management and investment company successfully raised $83 million as a part of Series D round led by Tiger Global, which valued Groww at a little over $1 billion.

Besides, the Bengaluru-based company raised $251 million in October last year in its Series E funding round led by IconiQ Growth, almost trebling its valuation to $3 billion.

Groww became a part of the unicorn club in April last year.

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The company was founded in 2016, and competes with firms namely Zerodha, Paytm Money, and Upstox among others as a stockbroking platform for retail traders.

Groww reportedly have more than two million active investors in stocks and an overall user base of more than 20 million. And, the company also recently announced investment in IPOs.