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 737 employees Series A Total: $51.00M Finance, Insurance +6

General Information

Company Name GroMo
Founded Year 2019
Location India Gurgaon, India
Employees 737
Industries Finance, Insurance, Insurtech +5
Funding Stage Series A
Business Model Platform, B2B2C, Marketplace
Revenue Model Commission, Marketplace Fee, Affiliate
Social

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AI Insight

Bounce Watch AI
3 weeks ago

The recent highlight, although dated in the future, underscores GroMo's consistent strategy of empowering micro-entrepreneurs for financial inclusion. Showcasing success stories like Mohammad Minaz demonstrates the tangible impact of their platform in generating income for partners, thereby validating their model's effectiveness. This approach is crucial for dynamically scaling their partner network and deepening market penetration in underserved regions of India.

Signal Types
Business Success Community Impact Partner Engagement
Strategic Labels
Micro-entrepreneur Empowerment Network Expansion Impact Validation
Next Move: Expansion
·
Impact: 7/10
·
Ideal For: Series B Fintech VCs — India, Impact Investors

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.

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

Services & Products

financial products distribution
sales training and certification
customer relationship management
referral program
financial product activation

Target Customers

individuals seeking extra income freelancers students housewives business professionals financial enthusiasts

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series A $11.00M 10
Goodwater Capital, Soma Capital +8
06 Sep 2022
Seed Round Undisclosed -
31 Mar 2021
Seed Round INR40.00M -
10 Jun 2019

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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 Finance, Insurance, Insurtech, Mobile, Payments, Banking, Health insurance and Life insurance. Its work centres on financial inclusion, micro-entrepreneurs, financial empowerment and financial products. Its customers include individuals seeking extra income, freelancers and students.
GroMo has a Platform, B2B2C and Marketplace business model. Its revenue comes from Commission, Marketplace Fee and Affiliate.
GroMo has approximately 737 employees.
GroMo has completed 3 funding rounds, raising a total of $51.00M. The latest funding stage is Series A.
GroMo offers: financial products distribution, sales training and certification, customer relationship management, referral program, financial product activation.
Top alternatives and competitors to GroMo include Working Capital for Community Needs (WCCN) , Jia, Pahal Financial Services Pvt. Ltd., Stashfin, HDI ASSICURAZIONI. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
GroMo and Working Capital for Community Needs (WCCN) 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.

Source: BounceWatch company record for GroMo, https://bouncewatch.com/company/gromo, updated 29 September 2026. When citing, please name BounceWatch and link this page.

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