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growV Valuation, Funding & Investors
growV is valued at $3B as of December 2021.
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Dec 2021 | Seed | $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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2024 | Seed | Small and Medium Business Administration | $4M | - | - |
| Sep 2023 | Series A | LG 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 2023 | Series A | KB Investment (lead); Midas Doang-A Investment; Hana Ventures; TS Investment; Hyundai Investment Partners; SL Investment | $5M | - | - |
| Sep 2022 | Series A | - | $11M | - | - |
| Dec 2021 | Seed | - | $3M | $3B | Groww 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Feb 2023 | ||
| 1 | Participant | Feb 2023 | ||
| 1 | Lead | Feb 2023 | ||
| 1 | Participant | Feb 2023 | ||
| 1 | Lead | Sep 2023 | ||
| 1 | Participant | Oct 2024 | ||
This data is available for Pro users. Sign up to see all 8 growV investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialgrowV Competitors
growV competitors include listed companies like Blackbaud and Alef Education, and private ones like ApplyBoard, Articulate, VIPKID and Kajabi.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $3.2B | - | ||
| Private | - | - | $3.8B | - | ||
| Private | $750M | - | $4.5B | - | ||
| Private | $100M | - | $2B | 20.0x | ||
| Publicly listed | $1.1B | $278M | $2B | 2.7x | ||
| Publicly listed | $210M | $150M | $1.9B | 7.8x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $850M | $98M | 3.0x | 2.8x | 26.3x | 22.4x | |||
| $2.5B | $580M | 1.2x | 1.2x | 5.1x | 4.8x | |||
| $15M | $3M | 236.1x | - | 1350.5x | - | |||
| $1.1B | $278M | 2.7x | 2.7x | 11.1x | 7.2x | |||
| $210M | $150M | 8.2x | 7.8x | 11.5x | 11.1x | |||
| $881M | $29M | 2.1x | 2.0x | 63.1x | 33.8x | |||
| - | - | - | - | - | - | |||
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
This data is available for Pro users. Sign up to see all growV competitors and their valuation data. Start Free Trial | ||||||||
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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