Indian unicorn Groww to expand its offerings as interest in online investing surges Photo: MayoFi / UNsplash May 10, 2021 Wealth management startup Groww, which started operations through WhatsApp groups five years ago, recently turned a unicorn, riding the growth in middle-class incomes and the large-scale shift to online investing. The Bengaluru-based company now offers direct investments in mutual funds, stocks, initial public offerings, digital gold, and exchange traded funds. It is backed by fintech investor Ribbit Capital, YC Continuity Fund, and Propel Ventures, apart from Tiger Global and Sequoia. The company has raised more than $142 million from investors, of which $113 million came in the last six months. The startup was valued at $1.2 billion last month when it raised $83 million in a Series D funding round led by Tiger Global.