Sequoia Capital and Tiger Global Participate in $251M Series E Financing of Groww
Gunderson Dettmer represented clients Sequoia Capital and Tiger Global as investors in the $251 million Series E financing of Groww, an Indian online investment platform. The financing round brings Groww’s valuation to $3 billion and will enable the company to expand its business operations and improve accessibility of its financial services to the people of India.
In the announcement of the transaction, CEO and co-founder of Groww said, “We will continue working hard to build an iconic and trusted brand out of India. Over the last five years, we have built a product that customers love and have lowered the barriers to investing across India. We are making a difference in the lives of millions of Indians by democratizing access. And it seems the journey has just begun with such a huge opportunity ahead of us.”
The Gunderson deal team was led by Jonathan Pentzien and included Jolyn Ang and Soo Guo Kai.