GroMo Analysis
What is GroMo?
GroMo is a fintech platform enabling users to earn online by selling financial products without any investment.
Employees
100
Founded
2020
Revenue
$47.1M
Business Model
Commission-based model; revenue from financial product sales without upfront investment.
ZoomInfo
Product Features & Capabilities
- Credit Card, Savings Account, Demat Account, Loan, Line of Credit, Investment, Sell Insurance, User-Friendly Mobile App, Training and Support for Partners
Pricing
- Credit Card: Up to ₹3500 commission per sale
- Personal Loan: Up to 4% commission
- Savings Account: Up to ₹1300 commission
- Demat Account: Up to ₹1750 commission
- Credit Line: Up to ₹1400 commission
- Investment Products: Up to ₹1200 commission
- UPI Transactions: ₹90 per new account
Who are the founders of GroMo
AK
Ankit Khandelwal
Founder and CEO
DK
Darpan Khurana
Co-Founder
Market Focus
GroMo primarily focuses on the fintech industry, providing a platform for individuals to earn money by selling financial products online.
Competitors Overview
GroMo operates in the fintech sector, primarily allowing individuals to earn money by selling financial products. Its main competitors include:
- MobiKwik: A digital payment platform in India that offers a variety of financial products. Its focus on digital payments gives it a competitive edge
Investors
- SIG Venture Capital
- Y-Combinator
- Das Capital
- Goodwater Capital
- Beyond Next Ventures
- Soma Capital
- Ace & Company
- Hauz Khas Ventures
- Ramakant Sharma (angel investor)
- Utsav Somani (angel investor)
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