About GroMo
GroMo is a company based in Gurugram (India) founded in 2019 by Ankit Khandelwal and Darpan Khurana. GroMo has raised $23.22 million across 5 funding rounds from investors including Angel List, Beyond Next Ventures and DAS42. GroMo operates in a competitive market with competitors including BankSathi, EarnWealth and Ambrela, among others.
- Headquarter Gurugram, India
- Founders Ankit Khandelwal, Darpan Khurana
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$23.22 M (USD)
in 5 rounds
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Latest Funding Round
$10.99 M (USD), Series B
Sep 28, 2022
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Investors
Angel List
& 36 more
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Employee Count
Employee Count
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People of GroMo
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Sales and Marketing
1 people
Leadership Team
1 people
Operations Team
1 people
Finance and Accounting
1 people
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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 Total Funding
- Total Rounds 5
- Last Round Series B — $11.0M
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First Round
First Round
(14 May 2019)
- Investors Count 37
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series B - GroMo | Valuation |
investors |
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| Sep, 2022 | Amount | Series A - GroMo | Valuation | SIG Venture Capital | |
| Jun, 2021 | Amount | Seed - GroMo | Valuation | Y Combinator |
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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 |
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AI-focused venture capital investment and support for startups in Asia.
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Founded Year | Domain | Location | |
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Venture capital firm focused on seed and late stage investments
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location |
Investments & Acquisitions by GroMo
Financial Statements - GroMo
Gromo Comparisons
Competitors of GroMo
GroMo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BankSathi, EarnWealth and Ambrela, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
BankSathi is engaged in simplifying financial services for customers.
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| domain | founded_year | HQ Location |
Solutions in lending, wealth management, technology, and FMCG are offered.
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| domain | founded_year | HQ Location |
A fintech platform is operated as a wealth management marketplace.
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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 $125K, raised on May 14, 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.