Fintech product distribution platform GroMo raised $11 million in Series A led by SIG Venture Capital

September 6, 2022

, By Editorial Team

Share via:

Fintech product distribution platform GroMo raised $11 million in Series A led by SIG Venture Capital where Y Combinator, Das Capital, Goodwater Capital, Beyond Next Ventures, Soma Capital, Ace & Company and Hauz Khas Ventures with angel investors including Kunal Shah (CRED), Niraj Singh (Spinny), Ramakant Sharma (Livspace), Alok Mittal (Indifi), Utsav Somani (iSeed, AngelList India), Ashish (Innoven), Abhishek Goyal (Tracxn) and Nitin Gupta (Uni Cards) also participated.

GroMo works with over 1.2 million agents across the country to sell over 100 financial products, including insurance and credit cards. The fintech startup partners with the agents, who earn a commission on the products sold. GroMo intends to use the funds to hire senior management in the technology, product, marketing, business, category management, and human resources verticals. The fintech intends to more than double its workforce over the next three to four quarters. Furthermore, the Gurugram-based startup is looking to form new partnerships with BFSI players in order to broaden its reach.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

Fintech startup CashFlo raised $8.7 million from General Catalyst and Elevation Capital

Next News

B2B startup Suite42 raised $4.3 million in seed co-led by Omnivore and Orios Venture Partners

StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.

Popular

More Like this

Fintech product distribution platform GroMo raised $11 million in Series A led by SIG Venture Capital

September 6, 2022

, By Editorial Team

Fintech product distribution platform GroMo raised $11 million in Series A led by SIG Venture Capital where Y Combinator, Das Capital, Goodwater Capital, Beyond Next Ventures, Soma Capital, Ace & Company and Hauz Khas Ventures with angel investors including Kunal Shah (CRED), Niraj Singh (Spinny), Ramakant Sharma (Livspace), Alok Mittal (Indifi), Utsav Somani (iSeed, AngelList India), Ashish (Innoven), Abhishek Goyal (Tracxn) and Nitin Gupta (Uni Cards) also participated.

GroMo works with over 1.2 million agents across the country to sell over 100 financial products, including insurance and credit cards. The fintech startup partners with the agents, who earn a commission on the products sold. GroMo intends to use the funds to hire senior management in the technology, product, marketing, business, category management, and human resources verticals. The fintech intends to more than double its workforce over the next three to four quarters. Furthermore, the Gurugram-based startup is looking to form new partnerships with BFSI players in order to broaden its reach.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Previous News

Fintech startup CashFlo raised $8.7 million from General Catalyst and Elevation Capital

Next News

B2B startup Suite42 raised $4.3 million in seed co-led by Omnivore and Orios Venture Partners

StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.

More like this

Popular

Upcoming Events