VC Fund Investments
Fintech startup GroMo raises $11-M
Gurugram-based fintech platform GroMo has raised USD 11 million in Series A funding round led by SIG Venture Capital along with participation of Y-Combinator, Das Capital, Goodwater Capital, Beyond Next Ventures, Soma Capital, Ace & Company, and Hauz Khas Ventures and and angels including Kunal Shah, Niraj Singh, Ramakant Sharma, Alok Mittal, Utsav Somani, Ashish, Abhishek Goyal and Nitin Gupta also joined the new round. This would be the first institutional round for the company The proceeds will be utilised to strengthen its technology, expand the business team, bring new financial institutions on board and reach over 15,000 pincodes in India. GroMo leverages a network of agents and BFSI professionals who sell insurance, investments, credit cards, loans, saving and demat accounts.
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