Fintech startup GroMo raises Rs 4 Cr in seed funding

Gurugram-based fintech startup GroMo has raised Rs 4 crore in seed funding round led by Livspace cofounder, Ramakant Sharma along with other angel investors.

GroMo will use the capital to strengthen its core technology and operations team. Aiming at tier-II and tier III market, the startup is building a tech-enabled social commerce platform (selling financial products by leveraging WhatsApp, Facebook, Sharechat) to offer fintech products such as loans, insurance, and investments. (Press Release)