GroMo is a fintech distributor of financial products; during its Series-A funding (led by SIG Venture and the Asian Venture capital arm of SIG), it raised around USD 11 million. Other investors such as Das Capital, Goodwater capital, Beyond Next Ventures, Hauz Khas Ventures, Soma Capital, and Y-Combinator were also involved. GroMo is a Fintech platform that distributes financial products. Angel Investors like Niraj Singh (Spinny), Kunal Shah (Cred), Ramakant Sharma (Livspace), Alok Mittal (Indifi), Nitin Gupta (Uni Cards), Ashish (Innoven), and Abhishek Goyal (Tracxn) also invested in the company.

GroMo, founded by two IIT Delhi alumni, Ankit Khandelwal and Darpan Khurana, GroMo, is a tech-enabled social commerce platform that gives access to consumers for better financial products and assists agents. GroMo also acts as a bridge in the financial literacy gap by helping them in choosing the right offerings. Across the insurance, GroMo distributes a broad range of 100 financial products such as Loans, Insurance, Investments, Savings, Credit Cards, Demat accounts, etc. from the brands, i.e. IDFC Bank, Jupiter Money, Freecharge, and Axis Bank.

Co-Founder of GroMo Darpand Khurana stated that the company has an aggressive plan to scale up its business significantly in the upcoming few quarters by expanding its partnership with financial institutions. The company plans to become India’s biggest tech-enable distributor giving access to 10M+ agents to earn via GroMo. Acknowledging the employee’s loyalty towards the company, the company rewarded ESOP buybacks to the employees in the June of the ongoing year.