Groww, an India-based Y Combinator backed investment platform, has raised a $6.2M Series A funding round from Propel Venture Partners, a fintech investment firm backed by Spanish banking group, BBVA.
According to data from Crunchbase, Groww previously raised a $1.6M Series Seed funding round in July 2018. The firm provides opportunities to invest in a wide range of mutual funds. On Groww, investors can filter mutual funds based on risk, categories, fund size, and minimum investment size. There are over 5,000 mutual fund products provided by 34 mutual fund houses offered through Groww’s platform.