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GroMo logo — Increasing accessibility of financial products in India. Ena...

GroMo

Increasing accessibility of financial products in India. Enabling lakhs of microentrepreneurs to sell financial products

Founded 2019 India Gurgaon, India 673 employees Series A Total: $51.00M Finance, Insurance +6

General Information

Company Name GroMo
Founded Year 2019
Location India Gurgaon, India +1
Employees 673
Industries Finance, Insurance, Insurtech +5
Funding Stage Series A
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About GroMo

GroMo is a financial technology startup based in India with the slogan "Increasing accessibility of financial products in India. Enabling lakhs of microentrepreneurs to sell financial products." Founded in 2019, GroMo is focused on addressing the limited penetration of financial products in India by creating, training, and empowering micro-entrepreneurs to sell financial products. The company has developed a mobile app that allows anyone to become a GroMo Partner and sell financial products to their network. This approach not only aims to increase the accessibility of financial products but also empowers individuals to build their own business and earn income. In September 6, 2022, GroMo secured a $11.00M Series A investment from notable investors including Goodwater Capital, Soma Capital, Y Combinator, Hauz Khas Ventures, Abhishek Goyal, Ramakant Sharma, Ashish Sharma, Kunal Shah, Alok Mittal, and Niraj Singh. With a strong focus on empowering India with financial products, GroMo has already gained the trust of more than 14 Lakhs GroMo Partners and served over 30 Lakhs customers. The company's commitment to increasing financial inclusion and its ability to attract significant investment make it a compelling player in the finance, insurance, and banking industries, particularly in India.

Taxonomy: financial inclusion, micro-entrepreneurs, financial empowerment, financial products, income generation, fintech app, financial advisory, sales network, PlayStore app, business opportunity, socio-economic impact

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series A •••••• 10
Investor Investor Investor Investor
•••• •••• 		06 Sep 2022
Seed Round •••••• - 31 Mar 2021
Seed Round •••••• - 10 Jun 2019

GroMo Alternatives & Competitors

GroMo vs
MoneyLion
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GroMo vs
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GroMo vs
Tplus Technologies Ltd
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FAQ About GroMo

Increasing accessibility of financial products in India. Enabling lakhs of microentrepreneurs to sell financial products
GroMo was founded in 2019.
GroMo is headquartered in Gurgaon, India.
GroMo operates in the following industries: Finance, Insurance, Insurtech, Mobile, Payments, Banking, Health insurance, Life insurance.
GroMo has approximately 673 employees.
GroMo has completed 3 funding rounds, raising a total of $51.00M. The latest funding stage is Series A.
Top alternatives and competitors to GroMo include MoneyLion, Oval Money, Tplus Technologies Ltd, Okra, Altro. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
GroMo and MoneyLion are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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