Chirag Jadav 🇮🇳’s Post

Groww Invest-Tech Private Limited, the stockbroking arm of Groww, has posted remarkable growth in FY24, with its operating revenue surging 2.4X to Rs 2,900 crore, up from Rs 1,295 crore in FY23, according to audited financials from ICRA. Even more impressive, the Tiger Global-backed firm’s profits skyrocketed over 4X, hitting Rs 298 crore, compared to Rs 73 crore in FY23. This growth was driven primarily by retail broking, which contributed a massive 90% to GIT's operating revenue. As of August 2024, Groww controls 25% of the Indian stockbroking market, boasting a user base of 1.2 crore active traders, according to NSE data. In October 2023, Groww achieved a significant milestone by overtaking Zerodha to become India’s number one stockbroking app. Other top contenders include Angel One, Upstox, and ICICI Securities. In addition to its core services of equity broking in cash and derivatives, along with mutual fund distribution, Groww Invest-Tech recently entered the Margin Trading Facility (MTF) business, a move expected to drive further growth. This expansion will be financed through a mix of internal funds and commercial paper, while keeping financial leverage manageable, according to ICRA. The boom in broking volume was a key contributor to GIT's fourfold profit jump, improving its return on average net worth to an impressive 40.3%. The company’s strategic shift back to India from the U.S. in May 2024 further solidifies its position in the Indian market. Groww competes fiercely with Zerodha and Angel One, who also posted strong financials in FY24. Zerodha reported revenues of Rs 8,370 crore and profits of Rs 4,700 crore, while Angel One saw a 42% revenue increase to Rs 4,272 crore and profits of Rs 1,125 crore. Angel One continued its growth into Q1 FY25, generating Rs 1,405 crore in revenue and Rs 293 crore in profits. #InvestingTrends #StockMarketGrowth #FintechInnovation #WealthManagement #FinancialSuccess

Groww Invest-Tech Private Limited, the stockbroking arm of Groww, reported a remarkable 2.4X increase in operating revenue for the fiscal year ending March 2024, with profits surging over 4X. According to audited financials from ICRA, its revenue rose to Rs 2,900 crore from Rs 1,295 crore in FY23, with retail broking contributing 90% of this revenue. As a wholly owned subsidiary of Billionbrains Garage Ventures, Groww Invest offers equity broking in cash and derivatives and mutual fund distribution. By August 2024, it held a 25% share of the Indian market, boasting 1.2 crore active users. In October 2023, it surpassed Zerodha to become the leading stockbroking app in India, alongside AngelOne, Upstox, and ICICI Securities in the top five. Follow us for more updates! Email [email protected] to grow your business. Check out latest post to become a Channel Partner! Visit www.biztrademart.com for more information. #Groww #InvestTech #StockBroking #FinancialGrowth #RevenueGrowth #ProfitSurge #RetailBroking #MarketShare #ActiveUsers #EquityBroking #MutualFunds #Fintech #IndianMarket #Zerodha #AngelOne #Upstox #ICICISecurities #InvestmentPlatform #FiscalYear2024 #BusinessNews

How PMs at DHAN are building features for the Investing Community! There are over 15 crore DEMAT accounts in India as Indians are rapidly entering the world of the Stock Market and Mutual Funds 🚀 It was started by Zerodha when Online Stock Broking mainstream which was then taken forward by Groww, Upstox, Angel One and others ✨ But recently I tried Dhan, and I was amazed to witness the number of features it has to offer for both Traders and Investors The Product Manager's at Dhan understand the pain of Investors and Traders and have made some features that were missing in other broking platforms ✅ Additionally, the charges at Dhan are lower than most other platforms, which is a big plus for traders! However, there are a few suggestions and improvements that Dhan should consider to take their app to the next level. ------------------------------------------------------ Which Online Stock Broking App do you use? Let me know in the comments 👇 #stockbroker #productmanager #investing #trading #stockmarket

Groww, the prominent investment platform, has experienced significant growth, outpacing its competitors in market share expansion and investor acquisition. According to recent data from the National Stock Exchange (NSE), Groww’s active investor base surged to 9.5 million in March 2024, marking a remarkable 77.5 percent increase compared to the previous year. This surge propelled Groww’s market share to 23.4 percent, up from 16.5 percent in the preceding year. #Groww #StockMarket #Investment #MarketShare #InvestorAcquisition #India #NSE #AngelOne #Zerodha #HDFCSecurities #Upstox #ICICISecurities #Finance #Investing

📢 End of ZERO brokerage for stock market transactions! 📉 The Securities and Exchange Board of India (SEBI) has directed stock exchanges to implement a "uniform and equal" charge structure for all brokers, moving away from varying charges based on their volume or activity. ➡️ Currently, stock exchanges levy transaction fees on brokers based on their overall turnover. ➡️ Basically, the higher the transactional volume contributed by a broker like Zerodha, the greater the rebate they receive. ➡️ This rebate then is used by the discount broker such as Zerodha to provide brokerage-free services to its customers i.e., investors. What this means: [1] Major discount brokers such as Zerodha, Groww, Upstox might have to end brokerage-free services, thereby increasing the cost of investment for their customers. [2] Discount brokers may lose their USP compared to demat services provided by major banks. [3] Potential short-term market correction due to investor sentiment. [4] Market share in the brokering business will be up for grabs for emerging startups. [5] ZEROdha might need a new name! While this is a significant change, it is likely that these brokerage firms will find a way to retain their USP either by innovating new products or pivoting to new revenue stream altogether. #truetolabel #sebi #finance #stockexchange #zerodha #investment2024 #nse #bse

Good morning News Headline from Leading Financial News Papers, Compiled by *RUDRA SHARES* Sunday, 22 September 2024 •Fund raise done, edtech unicorn PhysicsWallah calls i-banks for IPO pitches next week; aims for 2025 listing • Bulk deals : Vanguard Group buys shares worth Rs 1000 crore in 7 companies • CY25 could mark strong IT demand rebound, says Baroda BNP Paribas MF's Shiv Chanani • FM Sitharaman pushes MoHUA for full capex utilisation; cement, housing finance stocks to benefit • The bull is raging, but is there a bear lurking in the shadows? • 'Retail investors eye shareholder category for better IPO allotment • Don't expect major market correction thanks to strong economic fundamentals, says investment advisor • OYO to buy iconic Motel 6 brand for $525 million in US expansion bid • Finmin asks banks to put in place oversight mechanism for efficient management of pending cases in DRTs • Rapid growth of quick commerce fuels wave of 'enabler' tech startups • Top tech institutes push for overhaul of AI curriculum • Nifty may scale to 26,500 in near term: Rahul Ghose • SpiceJet approves 48.7 crore share issue for Rs 3K cr QIP • Double-digit gains elude most smallcaps in bullish week • FII single-day buying hits 3-year high of Rs 14,000 cr • IPO frenzy continues: 10 new issues and 11 listings next week • Trai tells telcos to take a chill pill on new regime • India's small towns are turning boomtowns for auto financing For more details- https://lnkd.in/gjy-gujk

Good morning News Headline from Leading Financial News Papers, Compiled by *RUDRA SHARES* Sunday, 22 September 2024 •Fund raise done, edtech unicorn PhysicsWallah calls i-banks for IPO pitches next week; aims for 2025 listing • Bulk deals : Vanguard Group buys shares worth Rs 1000 crore in 7 companies • CY25 could mark strong IT demand rebound, says Baroda BNP Paribas MF's Shiv Chanani • FM Sitharaman pushes MoHUA for full capex utilisation; cement, housing finance stocks to benefit • The bull is raging, but is there a bear lurking in the shadows? • 'Retail investors eye shareholder category for better IPO allotment • Don't expect major market correction thanks to strong economic fundamentals, says investment advisor • OYO to buy iconic Motel 6 brand for $525 million in US expansion bid • Finmin asks banks to put in place oversight mechanism for efficient management of pending cases in DRTs • Rapid growth of quick commerce fuels wave of 'enabler' tech startups • Top tech institutes push for overhaul of AI curriculum • Nifty may scale to 26,500 in near term: Rahul Ghose • SpiceJet approves 48.7 crore share issue for Rs 3K cr QIP • Double-digit gains elude most smallcaps in bullish week • FII single-day buying hits 3-year high of Rs 14,000 cr • IPO frenzy continues: 10 new issues and 11 listings next week • Trai tells telcos to take a chill pill on new regime • India's small towns are turning boomtowns for auto financing For more details- https://lnkd.in/eghyA3V

Awfis Unveils Rs 364-383 Price Band for Upcoming IPO Awfis Space Solutions, India's largest flexible workspace provider, is launching an IPO on May 22, 2024 with a price band of Rs 364-383 per share. The face value of the Awfis Space Solutions IPO is ₹10 per equity share. The IPO consists of a fresh issue of Rs 128 crore and an offer-for-sale of 12,295,699 shares by existing shareholders including promoter Peak XV Partners Investments. The company plans to use the fresh issue proceeds for setting up new centers (Rs 42.03 crore), meeting working capital needs (Rs 54.37 crore), and general corporate purposes. Investors can bid for a minimum of 39 shares, requiring a minimum investment of Rs 14,196 at the lower price band. In FY23, Awfis recorded a revenue of Rs 545.3 crore, up 112% YoY, while net loss improved to Rs 46.64 crore from Rs 57.2 crore in the previous year. Key risks include high capital expenditure needs, lack of ownership of premises, and operational risks. The IPO is expected to list on BSE and NSE on May 30, 2024. 𝗞𝗘𝗔𝗦𝗧𝗢𝗫 Best Stock Broker, Financial & investment Advisor, Equity, Commodity, Currency, SIP, Mutual Fund, PMS, Service Provider in Ahmedabad 📱+91 8989 1818 98 🌍 www.keastox.com #keastox #keaedu #keadigi #keagroup #Equity #Commodity #Currency #SIP #MutualFund #Insurance #Loan #Wealth #Management #Advisor #StockMarket #ShareMarket #StockBroker #SME #IPOListing #StartupInvestment #unlistedequity #privateequity #GDP #investments #indianeconomics #economy #Finance #awfis #IPO

🚀 Groww vs Zerodha: The Battle of India's Top Online Stock Broking Giants 📈 - As of May 2024, Groww and Zerodha are leading the charge in India's online stock broking industry. Here's a snapshot of their latest performance: 📌Groww : - Revenue: INR 1,277.8 Cr (266% YoY Growth) - Profit: INR 448.7 Cr (Turned Profitable) - Funding: $390 Mn - Valuation: $3 Bn - User Base: 1.03 Cr - Notable Milestones: - RBI approved Groww Pay Services as a payment aggregator. - SEBI nod to launch India's 1st NIFTY non-cyclical consumer index fund. - Completed reverse flip, shifting domicile to India from the US. 📌Zerodha: - Revenue: INR 6,832.8 Cr (37% YoY Growth) - Profit: INR 2,908.9 Cr (37% YoY Growth) - Funding: Bootstrapped - Valuation: $3.6 Bn - User Base: 75 Lakh - What's New: - Zerodha Fund House in talks to raise up to $100 Mn. - This marks the first external funding for any company under the Zerodha Group. 📌Additional Insights: - Market Position: Zerodha remains a market leader with a significant share in retail trading volumes, known for its cost-effective brokerage model and user-friendly trading platform. Its educational initiatives like Varsity and Rainmatter further enhance its ecosystem. - Growth Strategy: Groww's aggressive expansion into mutual funds, digital gold, and more recently, derivatives trading, shows its ambition to offer a comprehensive financial suite. The company’s emphasis on a seamless user experience and educational content aims to attract novice investors. - Technological Edge: Both companies leverage technology to enhance user experience, but Groww’s mobile-first approach and AI-driven insights set it apart. Meanwhile, Zerodha’s Kite platform continues to be a favorite for active traders due to its robust features and reliability. Both platforms are revolutionizing the investment landscape in India. Groww's aggressive growth and new offerings versus Zerodha's robust profitability and potential funding milestone set the stage for an exciting competition. #StockMarket #Investing #FinTech #Groww #Zerodha #Finance #India #Investment

Why we are thrilled about our acquisition of ACRU Finserv Private Limited Global excitement about the Indian markets has grown exponentially over the last few years. And as India consumption story progresses further, it's a no-brainer that more and more NRIs, PIOs and global citizens will want to participate in India's growth story. But for a long time, onboarding a non-resident into India, and enabling investments in Indian asset classes has been an unsolved problem. ACRU Finserv Private Limited took it upon itself to address this from an infrastructure and logistics perspective. The resilience of Manjunath Reddy, Hari Praveen and the Acru team has brought them close to making a real dent in this space. Given global flows into India topped $120Billion last year, we believe that the B2C opportunity here is massive. But it cannot scale without solid underlying infrastructure. Together, we'll power the global fintech ecosystem in presenting the Indian market on a platter. At Stockal, we see the Acru team as kindred spirits. Our mission of creating a completely #borderless financial environment is getting massively accelerated by this acquisition. Look forward to working with the Acru team in moving billions of Dollars across borders and helping people put them to good use! Aroa Venture Partners July Ventures #globalinvesting #crossborder