Fintech firm Groww raises funds from Insignia, others

Online investment platform Groww has raised $1.6 million in a pre-series A funding round from Insignia Venture Partners, America’s Lightbridge Partners and Kairos fund. Existing investors, including CureFit founders Mukesh Bansal and Ankit Nagori, also participated in the round. Groww also counts the American seed accelerator, Y Combinator, as an investor. The Bengaluru-based start-up plans to use the funds for strengthening its technology. The company also plans to launch more financial products and services.

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