Groww’s flagship event ‘Ab India Karega Invest’ witnesses strong participation in Guwahati
Groww aims to impact 10 million Indians across 100 cities through Ab India Karega Invest : 72% of investors from Guwahati on Groww’s platform prefer stocks, while 59.5% prefer mutual funds
AZIR KHOBOR, Guwahati, April 22, 2022: Groww, India’s fastest growing investment platform today concluded its on-ground event , Ab India Karega Investin Guwahati, which witnessed strong participation among retail investors in the city. A financial education initiative, Ab India Karega Invest aims to simplify investments for citizens across the country in a simple, secure and accessible manner.
Started in 2020, Ab India Karega Investis Groww’s offline event that introduces people to the investment world, educates them about different investment options and resolves their queries. Groww targets tier II and III markets that are indicating a high potential of retail investment growth in the near future, thereby creating a broader ecosystem, nationally. Since its launch, Groww has successfully conducted these day-long events in more than 20 cities, impacting over two million investors thus far. Over a period of a year, Groww aims to conduct Ab India Karega Invest in 100 cities across the country, impacting 10 million Indians, across tier II and III markets.
Interestingly, Groww has seen heightened interest for investing among young working professionals in Guwahati. 29% of investors in Guwahati on Groww’s platform are in the age group of 25 – 29 years, while 26% are in the age group of 18-24 and 33% of investors are between the ages of 30-39.
Groww’s data also highlighted that 83% investors in Guwahati are men, while a growing 17% are women. The data further reveals that investors in Guwahati prefer traditional asset classes, with stocks being the most preferred asset class at 72.36%, followed by mutual funds at 59.75%.
Harsh Jain, co-founder and COO of Groww, said, “Guwahati has witnessed a steady rise in investor population in recent years. Further, the ease of access to financial instruments has enabled people to join the investment bandwagon and use different asset classes to grow their wealth. At Groww, we are committed to democratize investment access across India and educate people on the importance of growing their hard-earned money. Our national event, Ab India Karega Invest is an endeavour in this direction, wherein we make people aware of the benefits of investing and help them start their investing journey. We are certain that Ab India Karega Invest will help increase investor population in northeast India.”
Founded in 2016, Groww currently has over 20 million users on its platform.
Groww was founded by Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. Groww enables retail investors to access financial products and services through its web and mobile app on both iOS and Android. Groww is backed by marquee investors, including Sequoia Capital India, Y Combinator, Ribbit Capital, Tiger Global and Iconiq Growth.