GroMo operates a tech-enabled social commerce platform that helps agents distribute financial products and improve consumer financial literacy. The company distributes 100+ products across insurance, investments, credit cards, loans, savings, and Demat accounts from partners such as IDFC Bank, Jupiter Money, Axis Bank, and Freecharge. It claims to have built a network of over 1.2 million agents on its platform. Founded in 2019 by IIT Delhi alumni Ankit Khandelwal and Darpan Khurana and based in Gurugram, GroMo targets expanding access to better financial offerings through agent networks. The startup plans to use new capital to scale hiring across senior management in technology, product, marketing, business, category management, and HR, with an aim to double headcount in the next 6–12 months. It also intends to enter new business partnerships with BFSI players to widen distribution and reach.

Total raised

$11M

Funding rounds

1

Latest round

Series A

Latest activity

Sep 2022