Microsoft CEO Satya Nadella backs Indian fintech Groww, to serve as advisor

Satya Nadella. Photo: Reuters

Tiger Global-backed online trading platform Groww said on Saturday that Microsoft Corporation chairman and CEO Satya Nadella has joined it as an investor and advisor.

“Thrilled to have @satyanadella join us in our mission to make financial services accessible in India,” Groww CEO Lalit Keshre said in a tweet.

Financial details of Nadella’s investment into the company were not disclosed.

Founded in 2016, Groww is an investment platform that allows users to invest across direct mutual funds, exchange-traded funds (ETFs), stocks and IPOs. It enables retail investors to access financial products and services through its web and mobile app on both iOS and Android. As of October 2021, the company had over 20 million users.

The Bengaluru-based startup entered the unicorn club in April this year after it raised $83 million in its Series D funding round led by Tiger Global. Existing investors Sequoia India, Ribbit Capital, YC Continuity and Propel Venture Partners also participated in that round.

The company later went on to raise $251 million as part of its Series E funding led by Iconiq Growth at a valuation of nearly $3 billion in October, taking its total funding to $535 million.

Microsoft named Nadella as its CEO in February 2014. In June last year, he was also named as the chairman of the company.

Originally from Hyderabad, India, Nadella lives in Bellevue, Washington. He earned a bachelor’s degree in electrical engineering from Mangalore University, a master’s degree in computer science from the University of Wisconsin – Milwaukee and a master’s degree in business administration from the University of Chicago.

Nadella serves on the board of trustees of Fred Hutchinson Cancer Research Center and his alma mater the University of Chicago, as well as the Starbucks board of directors.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.