Venture • Financial Services

ICONIQ Capital Invests In Groww

On October 25, 2021, growth capital firm ICONIQ Capital invested in financial services company Groww

Investment Context
  • This is ICONIQ Capital’s 5th transaction in the Financial Services sector.
  • This is ICONIQ Capital’s 2nd transaction in India.

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Investment Summary

Date October 25, 2021
Target Groww
Sector Financial Services
Investor(s) ICONIQ Capital
Deal Type Venture

Target Company

Groww

Bengaluru, India
Groww is a mutual fund and stock investing platform, with a mission to democratize access to financial markets across India. Groww was founded in 2016 and is based in Bengaluru, Karnataka.
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Investor Overview 1

Investor

ICONIQ Capital


Category Growth Capital Firm
Founded 2011
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ICONIQ Capital is a private investment firm that manages capital on behalf of high-net-worth individuals, families, and institutions, with a particular focus on the technology sector. The Firm operates across multiple investment strategies including growth equity, venture capital, real estate, and philanthropic initiatives. ICONIQ Capital was formed in 2011 and is based in San Francisco, California.


Deal Context for Investor #
Overall 78 of 91
Sector: Financial Services 5 of 5
Type: Venture 59 of 72
Country: India 2 of 2
Year: 2021 26 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 Enfusion

Chicago, Illinois, United States

Enfusion is a provider of fully hosted front, middle and back-office solutions for hedge funds and traditional asset managers, including execution, order management, portfolio management, risk, GL accounting, reconciliations, reporting, and data warehouse. Enfusion was founded in 1997 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Drata

San Diego, California, United States

Drata is a security and compliance automation platform that continuously monitors and collects evidence of a company’s security controls, while streamlining workflows to ensure audit-readiness. Drata is based in San Diego, California.

Buy -

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