About
Lalit Keshre is co-founder and chief executive of Groww, the Bengaluru investing platform, where he oversees the business with a focus on product and customer experience. A B.Tech graduate of IIT Bombay, he was an early team member at Ittiam Systems and founded an online learning company, Eduflix. At Flipkart he held a senior product management role, launching and leading Flipkart Quick and helping launch Flipkart Marketplace. In 2016 he left with three colleagues, Harsh Jain, Ishan Bansal and Neeraj Singh, convinced that investing in India was needlessly complex and opaque for the millions of people with money to invest. Their company, Nextbillion Technology, was formed in May 2016, and Groww went live in 2017 as a direct mutual fund platform. It became a Sebi-registered stockbroker in 2020, adding stocks, ETFs, IPOs and intraday trading, and became a unicorn in April 2021 after an $83 million Series D led by Tiger Global. In September 2023 Groww overtook Zerodha to become India's largest broker by active NSE clients. Its parent, Billionbrains Garage Ventures, listed on the NSE and BSE on 12 November 2025.
Key steps under Keshre: seed funding in January 2018 from Y Combinator and CureFit founders Mukesh Bansal and Ankit Nagori; a $6.2 million Series A led by Sequoia India in 2019; a $251 million Series E led by ICONIQ Growth in October 2021 at a $3 billion valuation; the 2023 acquisition of Indiabulls' asset management business, rebranded Groww Mutual Fund; and a first profitable year in FY23, with net profit of ₹448.8 crore on revenue of ₹1,277.8 crore. In March 2024 he announced on X that Groww had completed moving its domicile from the US to India by merging Groww Inc into Billionbrains Garage Ventures. The IPO ran from 4 to 7 November 2025 at ₹100 a share.
Source: groww.in