Investment app for millennials, Groww, raises $83 million at over $1 billion valuation

More than 200 million people in India transact money digitally, but fewer than 30 million invest in mutual funds and stocks. An Indian startup that is attempting to change this figure by courting millennials announced a new financing round on Wednesday and turned into the newest unicorn in the world’s second largest internet market. Bangalore-based Groww has raised $83 million in its Series D financing round, which valued the Indian startup at more than $1 billion, up from $250 million in $30 million Series C in September last year. Tiger…

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