• Tuesday, January 25, 2022
India Corona Update 
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Sri Lanka Corona Update 
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Bangladesh Corona Update 
Total Fatalities 418,480
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Today's Fatalities 3,998
Today's Cases 42,015
UK Corona Update 
Total Fatalities 418,480
Total Cases 31,216,337
Today's Fatalities 3,998
Today's Cases 42,015
India corona update 
Total Fatalities 489,848
Total Cases 39,543,328
Today's Fatalities 439
Today's Cases 3,06,064

Business

Satya Nadella joins India’s Groww as investor, adviser

Microsoft CEO Satya Nadela. (Photo by Brad Barket/Getty Images for Fast Company)

By: Chandrashekar Bhat

TIGER GLOBAL-backed Groww said Microsoft chief executive officer Satya Nadella has joined the company 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’s co-founder and CEO Lalit Keshre tweeted on Saturday (8).

However, he didn’t disclose the financial details of the investment.

Groww had raised $251 million (£184.76m) in October last year in a funding round led by Iconiq Growth, which valued the mutual fund and stock investment platform at $1 billion (£740m).

The funding round also saw participation from investors like Alkeon, Lone Pine Capital and Steadfast.

Groww’s existing investors Sequoia Capital, Ribbit Capital, YC Continuity, Tiger Global and Propel Venture also participated.

In April 2021, the digital firm had raised $83m (£61m) in a funding round led by Tiger Global.

Groww enables users to invest in stocks, mutual funds, ETFs, IPOs and Gold.

Started in 2017, it claims to have more than 15 million registered users.

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