Indian online investment startup Groww, an online mutual fund investment platform, has secured 154 crore rupees ($22 million) in a new funding round.
The Series B investment round was conducted by U.S. financial technology-focused firm Ribbit Capital.
Prior backers including Sequoia Capital India and marquee startup accelerator Y-Combinator, also participated in the round.
With the new capital raised, Groww intends to double its team size to 200 over the next year, and launch more products.