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App for independent agents to sell financial products in India
GroMo (YC W21) is building India's largest financial products distribution company. GroMo has built a network of 1.2 million agents on its platform. GroMo has built a tech-enabled social commerce platform that helps agents not only improve access to better financial products for consumers, but also bridge the financial literacy gap by helping them choose the right offerings. Currently, GroMo is distributing a broad spectrum of 100+ financial products across Insurance, Investments, Credit Cards, Loans, Saving & Demat accounts, etc. from brands such as IDFC Bank, Jupiter Money, Axis Bank, Freecharge, etc.
GroMo is an app-based platform in India that enables independent agents to sell financial products and earn commissions, claiming zero investment and potential high monthly earnings. It positions itself as a free, training-supported path to becoming a certified financial advisor and earning income from home. The product emphasizes instant payouts and a multi-brand catalog of financial products.
Users install the GroMo app, register as a partner, attend trainings, and then share product links to customers. The app provides features to educate, manage customers, engage with personalized content, refer others, track earnings via an in-app wallet, and transfer money to a bank account while ensuring data security. Partners can sell products from multiple brands (e.g., savings accounts, credit cards, loans, demat accounts, investments) and accumulate commission based on sales, with instant payouts upon successful sales.
Who it’s for: Working professionals, businessmen, students, housewives and others seeking a side income or zero-investment business opportunity in India who want to sell financial products remotely from home.
Hiring and partner programs indicated; extensive training resources and a large partner base (60 Lakh+ partners mentioned) suggest traction and active recruitment.
Ankit is the Founder and CEO of GroMo. He is a serial entrepreneur with failures and successful exits. Prior to GroMo, he was Founding Member and COO of Unicommerce (listed on NSE in India), and co-founder of Priyaasi (acquired by Mensa Brands). He graduated from IIT Delhi and has 15+ years of experience in a hedge fund, e-commerce, SaaS, fintech.
I am a co-founder at GroMo. Prior to GroMo, I worked with Snapdeal and Housing.com (both backed by Softbank) in various roles across Strategy, and Business Intelligence. I have also worked at Oracle as a Software Engineer. I am interested in emerging trends in Fintech both in India and across the world. I am an avid basketball follower and a big Golden State Warrior fan.
Making financial services simple, transparent and delightful.
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