Tiger Global-backed online trading platform Groww said on Saturday that Microsoft Corporation chairman and CEO Satya Nadella has joined it as an investor and advisor.
“Thrilled to have @satyanadella join us in our mission to make financial services accessible in India,” Groww CEO Lalit Keshre said in a tweet.
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.
— Lalit Keshre (@lkeshre) January 8, 2022
Financial details of Nadella’s investment into the company were not disclosed.
Founded in 2016, Groww is an investment platform that allows users to invest across direct mutual funds, exchange-traded funds (ETFs), stocks and IPOs. It enables retail investors to access financial products and services through its web and mobile app on both iOS and Android. As of October 2021, the company had over 20 million users.
The Bengaluru-based startup entered the unicorn club in April this year after it raised $83 million in its Series D funding round led by Tiger Global. Existing investors Sequoia India, Ribbit Capital, YC Continuity and Propel Venture Partners also participated in that round.
The company later went on to raise $251 million as part of its Series E funding led by Iconiq Growth at a valuation of nearly $3 billion in October, taking its total funding to $535 million.
Microsoft named Nadella as its CEO in February 2014. In June last year, he was also named as the chairman of the company.
Originally from Hyderabad, India, Nadella lives in Bellevue, Washington. He earned a bachelor’s degree in electrical engineering from Mangalore University, a master’s degree in computer science from the University of Wisconsin – Milwaukee and a master’s degree in business administration from the University of Chicago.
Nadella serves on the board of trustees of Fred Hutchinson Cancer Research Center and his alma mater the University of Chicago, as well as the Starbucks board of directors.
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