New fund · Financial Services

Groww cofounders launch second seed fund

By Startup Enthusiast · 31 July 2026

What they do

Groww is an online platform for demat accounts, trading, and mutual fund investments in India

Its four cofounders are setting up a second seed and early-stage fund of Rs 400-500 crore from their personal capital

The fund will back consumer internet and deeptech startups, with a small dedicated investment team

Groww's four cofounders are setting up a second seed and early-stage fund.
The fund size is Rs 400-500 crore (about $48-60 million).
The general partners are CEO Lalit Keshre, CFO Ishan Bansal, COO Harsh Jain, and CTO Neeraj Singh.
The fund will back consumer internet and deeptech startups.
All capital comes from the cofounders' personal capital; there are no external limited partners (LPs).
A small dedicated investment team will handle sourcing, due diligence, and portfolio management under the founders' supervision.
This is the second fund from the cofounders, who have run an investment programme together for the past few years.

The cofounders are using their own wealth to back early-stage startups, showing strong personal conviction.
Consumer internet and deeptech are areas where Groww itself operates, so the fund may seek strategic synergies.
Having run a prior investment programme, the team has experience in early-stage investing.

Groww is an online platform in India for demat accounts, trading, and direct mutual fund investments.
It offers stocks, ETFs, IPOs, mutual funds, futures and options (F&O), commodities, bonds, loans against securities, and personal loans.
The platform is trusted by 2 crore+ active investors.
Over 130.8 million Indians have used Groww (based on a site counter).

The fund will back consumer internet and deeptech startups.
A small dedicated investment team will handle sourcing, due diligence, and portfolio management.