Ex-Flipkart employees' fintech startup Groww raises $21 million

Bengaluru-based online investments startup Groww has raised over $21 million in a Series B funding round led by US-based VC firm Ribbit Capital. The funding round saw participation from existing investors Sequoia India and Y Combinator. Launched in 2017 by former Flipkart employees Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal, Groww operates in the direct mutual funds' space.