GroMo
Providing access of financial products to the under penetrated Bharat.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | $11.0m | Series A | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 52 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
GroMo is an Indian-based startup that operates in the financial services sector. The company provides a platform for individuals to sell financial products and earn an extra income. GroMo's business model is centered around training individuals to sell financial products effectively, and then providing them with the platform to do so. The company's target market includes working professionals, business people, students, and housewives, essentially anyone looking to supplement their income.
GroMo's platform is designed to be flexible, allowing users to work from anywhere, whether it's from home or a vacation spot. The company also emphasizes a zero investment model, meaning individuals can start their own business without any upfront costs. This is particularly attractive for those who want to start a business but are deterred by the initial investment usually required.
The company generates revenue by facilitating the sale of financial products. Once a sale is successful, the individual who made the sale earns a commission. GroMo's unique selling point is its instant payout feature, where individuals receive their earnings immediately after a sale is made, eliminating the usual waiting period.
GroMo also offers a line of credit, a lifetime free credit card, and complimentary airport lounge access, further enhancing its value proposition to users. The company's services are accessible via a mobile app, making it convenient for users to sell financial products and earn an income on the go.
Keywords: Financial services, Online training, Extra income, Work from home, Zero investment, Instant payout, Line of credit, Free credit card, Mobile app, Financial products.