Groww is a mutual fund investing app in India that has experienced impressive user growth over the last year or two. Thanks to its free investing model and appealing user interface, Groww has undoubtedly ignited a fintech revolution within the financial market. Best known for mutual fund investments, however, Groww also appears to be making moves into direct stock investments.
Groww, founded by Sequoia Capital and Y Combinator investors, raised its Series B funding round from US-based VC firm Ribbit Capital in September 2019. Their founders shared some details about their future plans – expanding their team while considering entering direct stock market trading.
So far, the Mutual Fund Investment Industry is doing very well and now, they’re entering the stock broking services. Although still relatively young in comparison with existing full-service and discount brokers in India, their presence could give existing firms stiff competition.
How Can I Invest Stocks via Groww? In order to access Groww’s stock investing feature, first upgrade your app version to 12.34. In order to unlock stocks you’ll be required to input both AADHAR number and an One Time Password (OTP) linked with that AADHAR number when unlocking them.
Opening a Demat and Trading Account is simple! All it takes to get your Demat and Trading Account open is either signing with your AADHAR number electronically, or mailing in a physical form for account opening.
Once onboarding has been completed, it typically takes 24-48 hours for Groww to verify and activate your account.
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