G
GroMo
Providing access of financial products to the under penetrated Bharat
About GroMo
GroMo is an Indian-based startup that operates in the financial services sector. The company provides a platform for individuals to sell financial products and earn an extra income. GroMo's business model is centered around training individuals to sell financial products effectively, and then providing them with the platform to do so. The company's target market includes working professionals, business people, students, and housewives, essentially anyone looking to supplement their income.
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GroMo's platform is designed to be flexible, allowing users to work from anywhere, whether it's from home or a vacation spot. The company also emphasizes a zero investment model, meaning individuals can start their own business without any upfront costs. This is particularly attractive for those who want to start a business but are deterred by the initial investment usually required.
The company generates revenue by facilitating the sale of financial products. Once a sale is successful, the individual who made the sale earns a commission. GroMo's unique selling point is its instant payout feature, where individuals receive their earnings immediately after a sale is made, eliminating the usual waiting period.
GroMo also offers a line of credit, a lifetime free credit card, and complimentary airport lounge access, further enhancing its value proposition to users. The company's services are accessible via a mobile app, making it convenient for users to sell financial products and earn an income on the go.
At a glance
- Status
- Operational
- Founded
- 2019
- Headquarters
- Reserve Bank of India Staff Quarters, India
- Employees
- 737
- Open positions
- 4
- Dealroom signal
- 67.8/100
- Industry
- Fintech
- Sub-industry
- Mortgages & Lending, Insurance
- Sector
- Fintech, Insurtech Distribution and Brokerage, Credit Card, YC W21, financial inclusion
- Business model
- Marketplace & ecommerce
- Client focus
- b2b, b2c
Latest news
Press, funding announcements and product moves mentioning GroMo.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Sep 2022 | $11M | $44M | Y Combinator · Goodwater Capital · Nitin Gupta · ACE and Company | ↗ |
| SEED✓Equity / VC | Jul 2021 | $125K | $500K | Y Combinator | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for GroMo is 120K monthly website visits, down 14.3% over the last three months. GroMo's team declined 1.1% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed3 investors entered at this stage
Ramakant Sharma
Utsav Somani
Y Combinator
Series A13 investors entered at this stage
SIG China
Goodwater Capital
Nitin Gupta
ACE and Company
Soma Capital
DAS Capital
Kunal Shah- HVHauz Khas Ventures
Abhishek Goyal
Alok Mittal
Niraj Singh
Beyond Next Ventures
SIG Venture Capital
Other known investors5 additional known investors
Ivan Ong
Kube VC
Rebel Fund
Sai A- TLTracxn Labs
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about GroMo on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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