growV Valuation, Funding & Investors

growV is valued at $3B as of December 2021.

See full growV profile

Last growV valuation

$3B

Seed · Dec 2021

Last growV funding round

$4M

Seed · Oct 2024

Cumulative funding growV raised

$29M

across 5 funding rounds

Key investors in growV

  • KB Investment
  • Hana Ventures
  • SL Investment
  • TS Investment
  • Hyundai Investment Partners
  • LG Uplus

growV Overview

About growV

growV delivers educational services leveraging learning technology for enhanced student outcomes.


Founded

2021

HQ

South KoreaSeoul

Website

growv.com

Status

Privately held

Customer focus

B2B

Revenue model

Services, Subscription

Valuation

$3B (Dec 2021)

growV Valuation

growV is currently valued at $3B, based on its seed round in December 2021.

growV valuation by funding round

growV valuation by funding round
DateStageValuation
Dec 2021Seed$3B

growV Funding History

growV has raised a total of $29M across 5 funding rounds.

growV's first fundraising round was a $3M seed round in December 2021. The most recent completed round was a $4M seed round in October 2024.

growV funding rounds

growV funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2024SeedSmall and Medium Business Administration$4M--
Sep 2023Series ALG Uplus (lead)$8M-GrowV Education is a South Korean edtech startup offering the Super V service, which provides educational content in subjects like English, math, and Korean on tablet PCs for children ages 4-8. The company creates 60% of its content using AI-based image recognition technology. LG Uplus, South Korea’s third-largest wireless carrier, made an equity investment of 10 billion won ($7.4 million) in GrowV on September 27, 2023, following a prior 5 billion won investment in February. This investment secures LG Uplus priority access to GrowV's content to enhance its Children’s Country education OTT platform.
Feb 2023Series AKB Investment (lead); Midas Doang-A Investment; Hana Ventures; TS Investment; Hyundai Investment Partners; SL Investment$5M--
Sep 2022Series A-$11M--
Dec 2021Seed-$3M$3BGroww is an Indian wealthtech platform founded in 2016 that allows users to invest across direct mutual funds, exchange-traded funds, stocks, and IPOs. The platform positions itself as democratizing access to investment services across India. In October 2021, Groww raised $251 million in Series E funding led by Iconiq Growth, which valued the company at $3 billion. The round represented a near-tripling of the company's valuation from just over $1 billion in April 2021 (Series D). Existing investors including Sequoia Capital, Ribbit Capital, YC Continuity, Tiger Global, and Propel Venture Partners participated alongside new investors Alkeon, Lone Pine Capital, and Steadfast. At the time of the Series E round, Groww had accumulated more than 20 million users across India. The company planned to deploy capital toward building tech infrastructure, scaling its team, and expanding into underserved regions of India while continuing to improve accessibility of its financial services.

Who has invested in growV?

8 investors have backed growV across its funding rounds, including KB Investment, Hana Ventures, SL Investment, TS Investment, Hyundai Investment Partners and LG Uplus.

Lead investors include LG Uplus and KB Investment.


growV Investors

Investors in growV by funding rounds participated
InvestorHQRoundsRoleFirst check
Midas Doang-A InvestmentSouth KoreaSeoul1ParticipantFeb 2023
Hana VenturesSouth KoreaSeoul1ParticipantFeb 2023
KB InvestmentSouth KoreaSeoul1LeadFeb 2023
TS InvestmentSouth KoreaSeoul1ParticipantFeb 2023
LG UplusSouth KoreaSeoul1LeadSep 2023
Small and Medium Business AdministrationSouth KoreaDaejeon1ParticipantOct 2024

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growV Competitors

growV competitors include listed companies like Blackbaud and Alef Education, and private ones like ApplyBoard, Articulate, VIPKID and Kajabi.

Public and private companies comparable to growV
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ApplyBoardCanadaWaterlooPrivate--$3.2B-
ArticulateUnited StatesNew York City, NYPrivate--$3.8B-
VIPKIDChinaBeijingPrivate$750M-$4.5B-
KajabiUnited StatesUnited StatesPrivate$100M-$2B20.0x
BlackbaudUnited StatesUnited StatesPublicly listed$1.1B$278M$2B2.7x
Alef EducationUAEUAEPublicly listed$210M$150M$1.9B7.8x

growV Public Comps

growV is still privately-owned, but its public comps include East Buy, Stride, IPE Universal, Blackbaud, Alef Education, Youdao, Cengage, Vitec Software, Topicus and Docebo.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
East Buy$850M$98M3.0x2.8x26.3x22.4x
Stride$2.5B$580M1.2x1.2x5.1x4.8x
IPE Universal$15M$3M236.1x-1350.5x-
Blackbaud$1.1B$278M2.7x2.7x11.1x7.2x
Alef Education$210M$150M8.2x7.8x11.5x11.1x
Youdao$881M$29M2.1x2.0x63.1x33.8x
Cengage------
Vitec Software$371M$151M3.7x3.5x9.1x9.0x

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Common questions about growV

When was growV founded?growV was founded in 2021.
Where is growV headquartered?growV is headquartered in Seoul, South Korea.
Is growV publicly listed?No, growV is a private, VC-backed company.
What is growV's valuation?growV was last valued at $3B in its seed round in December 2021.
How much funding has growV raised?growV has raised $29M across 5 funding rounds.
What was growV's last funding round?growV's last funding round was a $4M seed round in October 2024.
Who are growV's investors?growV's investors include Midas Doang-A Investment, Hana Ventures, KB Investment, TS Investment, LG Uplus, Small and Medium Business Administration, Hyundai Investment Partners and SL Investment.
Which companies are comparable to growV?Companies comparable to growV include ApplyBoard, Articulate, VIPKID, Kajabi, Blackbaud and Alef Education.

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