About GroMo
GroMo is a Financial Services company based in Gurugram (India) founded in 2019 by Ankit Khandelwal and Darpan Khurana. It operates as a platform enabling individuals to sell financial products and earn commissions. GroMo has raised $23.22 million across 5 funding rounds from investors including Angel List, Beyond Next Ventures and DAS42. GroMo was last valued at $3.61 million in June 2019. Its chief executive is Ankit Khandelwal. Its website gromo.in draws about 202 thousand monthly visits. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include BankSathi, EarnWealth and Ambrela; 3 of its 3 listed competitors have raised funding.
Company details
GroMo was founded in 2019 in Gurugram, India, operating in the financial services sector. Users across India are allowed to register as micro-entrepreneurs on the platform. Various products, including insurance policies, credit cards, savings accounts, loans, and demat accounts, are offered for sale. Commissions are earned by participants through referrals or direct transactions facilitated by the system.
- Total Equity Funding$23.22M (USD)
in 5 rounds
- Latest Funding Round$10.99M (USD), Series B
Sep 2022
- InvestorsAngel List
& 36 more
Associated legal entities of GroMo
GroMo is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vitrak Technologies Private Limited CIN U66120DL2021PTC375695 | Active | 14 Jan 2021 | New Delhi, Delhi | ₹26.8 Cr | 87 | 2 | View details |
| Vitrak Insurance Brokers Private Limited CIN U66000DL2021PTC377736 | Active | 02 Mar 2021 | New Delhi, Delhi | ₹70.4 Cr | 83 | 2 | View details |
Apps and channels of GroMo
its YouTube channel GroMo has 41.7K subscribers and 30 videos.
Videos from GroMo
The most watched videos on GroMo's YouTube channel, GroMo (41.7K subscribers). Click a video to play it here.
More on GroMo .
Funding Insights of GroMo
GroMo has successfully raised a total of $23.22M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $10.99 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $23.22M
- Total Rounds 5
- Last Round Series B — $10.99M
- First Round $527,732
(May 2019)
- Investors Count 37
All 5 funding rounds of GroMo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2022 | $10.99M | Series B | – | – | – |
| Sep 2022 | $11M | Series A | – | SIG Venture Capital | |
| Jun 2021 | $125,000 | Seed | – | Y Combinator | – |
| Jun 2019 | $575,748 | Seed | $3.61M | – | |
| May 2019 | $527,732 | Seed | – | Sprout Venture Partners, Sequoia Capital |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2019 | $3.61M | •••••••• |
Last known valuation $3.61M (Jun 2019). 37 investors in total: 15 institutional and 22 angel.
Investors in GroMo
GroMo has secured backing from 37 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Beyond Next Ventures and DAS42.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AI-focused venture capital investment and support for startups in Asia. | – | groundupp.ventures | Bengaluru, India | |
Venture capital firm focused on seed and late stage investments | – | sig-asiavc.com | Hong Kong, China | |
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
Investments in consumer tech sectors are managed by Goodwater Capital. | – | goodwatercap.com | Burlingame, United States | |
Deep-tech investments and incubation services are provided for researchers and entrepreneurs addressing global challenges. | 2014 | beyondnextventures.com | Tokyo, Japan | |
Venture capital firm focused on early-stage companies | 2021 | hauzkhas.ventures | Bengaluru, India | |
Early-stage investments are provided by Soma Capital to startups. | – | somacap.com | San Francisco, United States | |
ACE Ventures is engaged in venture capital investments globally. | – | aceventures.vc | Geneva, Switzerland | |
Early-stage venture capital investing in consumption and technology sectors in India. | 2016 | sproutvp.com | Bengaluru, India | |
Early-stage investment and support services for startups in technology and e-commerce sectors. | 2018 | firstcheque.vc | Mumbai, India |
Investor details for GroMo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of GroMo
The boards of the 2 registered companies of GroMo currently have 3 directors; the longest-serving is Ankit Khandelwal, appointed in 2021. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankit Khandelwal DIN 06996147 | Director | 14 Jan 2021 | 5 yrs 9 mo | Vitrak Technologies Private Limited |
| Priyanka Khandelwal DIN 08206464 | Director | 29 Feb 2024 | 2 yrs 7 mo | Vitrak Insurance Brokers Private Limited |
| Darpan Khurana DIN 08343145 | Director | 26 May 2026 | 4 mo | Vitrak Technologies Private Limited, Vitrak Insurance Brokers Private Limited |
People of GroMo
5 people are tracked at GroMo (2 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Paurush Mittal | Growth & Marketing Manager | Team |
Ankush Kumar | Senior Operations Manager | Team |
Praveen Chandolia | Finance Controller | Team |
Complete people profiles for GroMo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of GroMo
Figures of Vitrak Technologies Private Limited, the primary company behind GroMo, for FY 2025. Revenue was ₹26.78 Cr (-53% year on year). Net loss was -₹11.36 Cr (-42% margin). EBITDA was -₹10.63 Cr (-40% margin). Revenue has grown at a compounded annual rate of +46% over three years.
- ₹26.78 CrRevenue · FY 2025 · -53% YoY
- -₹11.36 CrNet loss · -42% margin
- -₹10.63 CrEBITDA · -40% margin
- ₹23,413Paid-up capital
- 87Employees (provident fund records)
- +46%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Vitrak Technologies Private Limited are on its company page.
Detailed financial statements for GroMo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of GroMo
4 dated milestones of GroMo across 3 years, from founding to its latest funding, stage changes and deals.
- Founded GroMo is founded.
- Funding First funding round of $528K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $11.0M.
Competitors of GroMo
GroMo has 3 listed competitors in our database, 3 of them funded. They include BankSathi, EarnWealth and Ambrela, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| banksathi.com | 2020 | Bengaluru, India | $7.63M | 27 | BankSathi is engaged in simplifying financial services for customers. | |
| earnwealth.in | 2014 | Pune, India | $1.01M | 1,018 | Solutions in lending, wealth management, technology, and FMCG are offered. | |
| ambrela.money | 2022 | Bengaluru, India | $188,270 | – | A fintech platform is operated as a wealth management marketplace. |
Detailed competitors of GroMo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of GroMo
The website of GroMo (gromo.in) receives about 201.8K visits a month and ranks #144,867 among all websites worldwide, #9,012 in Finance.
- Monthly visits201.8K
▼ 26% vs previous month
- Unique visitors141.2K
per month
- Global rank#144,867
among all websites
- Category rank#9,012
Finance · Finance
- Bounce rate21%
- Pages per visit3.5
- Average visit1 min 12 sec
- DevicesDesktop 8% · Mobile 92%
Websites whose visitors overlap most with GroMo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| banksathi.com | 100% | 111.9K | #293,961 | View details | |
| idfcfirstbank.com | 92% | 3.9M | #11,461 | View details | |
| zupee.com | 90% | 487.7K | #103,561 | View details | |
| lendingkart.com | 86% | 116.6K | #267,239 | View details | |
| werize.com | 86% | 110.4K | #271,649 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for GroMo
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as GroMo (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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Related news about Gromo
Complete news archive for GroMo
Full article history, source details, and older brand coverage require an active premium plan.
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about GroMo
GroMo was founded in 2019.
GroMo is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Ankit Khandelwal is the current CEO of GroMo. They have also founded this company.
GroMo is a funded company, having raised a total of $23.22M across 5 funding rounds to date. The company's 1st funding round was a Seed of $527.73K, raised on May 2019.
GroMo was founded in 2019 in Gurugram, India, operating in the financial services sector. Users across India are allowed to register as micro-entrepreneurs on the platform. Various products, including insurance policies, credit cards, savings accounts, loans, and demat accounts, are offered for sale. Commissions are earned by participants through referrals or direct transactions facilitated by the system.
GroMo's top competitors include BankSathi, EarnWealth and Ambrela.
GroMo has 37 investors. Key investors include Angel List, Beyond Next Ventures, DAS42, First Cheque, and Sprout Venture Partners.
The valuation of GroMo is $3.61M as of Jun 2019.
GroMo is associated with 2 legal entities: Vitrak Technologies Private Limited, Vitrak Insurance Brokers Private Limited.
The legal entities of GroMo currently have 3 directors, including Darpan Khurana, Ankit Khandelwal, Priyanka Khandelwal.
The website of GroMo receives about 202 thousand visits a month and ranks #144,867 among all websites worldwide.