Naresh Purohit 🇮🇳’s Post

Only five of the 22 new-age tech stocks under Inc42’s coverage gained this week in a range of 1% to about 15%👇 🔸 The top gainer of the week was gaming major Nazara Technologies, which surged 14.23%. Last week, the company reported a sharp decline in its profit in the fourth quarter of the financial year 2023-24 (FY24). 🔸 Paytm’s parent One 97 Communications Ltd, D2C unicorn Mamaearth’s parent Honasa Consumer, recently-listed B2B travel portal TBO Tek or Travel Boutique Online, and fintech major PB Fintech were the other gainers this week.  🔸 On the other hand, 18 startups saw a decline in the range of 0.4% to 23%. Last week’s top gainer Zaggle, Nykaa’s parent FSN E-Commerce Ventures, TAC Infosec, and DroneAcharya were among the biggest losers this week. 🔸 It is pertinent to note that besides Nazara, the week saw DroneAcharya, TBO Tek, TAC Infosec, Yatra, and Yudiz declare their financial results for the March quarter of FY24. 🔸 The biggest loser this week was blockchain and IT development company Yudiz Solutions. Its shares plummeted about 23% week-on-week to INR 59.30 on the NSE on May 31. The company slipped into the red in FY24 with a net loss of INR 2.9 Cr. #techstocks #startups #sharemarket

Groww has become a major player in India's trading scene, with over 1.03 crore active investors on its platform as of May 2024. Its closest competitor, Zerodha, has 75 lakh active investors. In May alone, Groww added nearly 4.33 lakh new investors, while Zerodha saw about 1.14 lakh new users join. Reports indicate that Groww now likely holds more than 27% of the market share based on active investor numbers. Other platforms, like Angel One, gained 1.84 lakh new users, reaching a total of 64.86 lakh. Upstox has 25.91 lakh active users, and Paytm Money, led by Vijay Shekhar Sharma, has 7.86 lakh active users as of May 2024. . . . . . . #krmarketgurukul #sharemarket #sharemarketindia #marketnews #trading #TradingInstitute #groww #Zerodha #besttradingplatform #intradaytrading #priceaction #priceactiontrading #trendingnow #trendingpost

FirstCry.com (BrainBees Solutions Ltd.) and Unicommerce made strong debuts in the public market with issue sizes of INR 4,191 crore and INR 277 crore, respectively. Our co-founder Vaibhav Porwal spoke to LiveMint and explained how investors should approach such fresh opportunities in the market. Vaibhav believes there is a lot of liquidity in the market, and fund managers and investors are on the lookout for investment opportunities where they can deploy incremental capital. He explained that while these new listings offer fresh opportunities, investors should not invest in these opportunities purely to capture the listing gains. In a bull market, some companies list at euphoric levels due to the popularity of certain themes, which can often result in unsustainable valuations. He emphasises that investors should be extremely selective when investing in these IPOs and focus on the fundamentals of companies instead of relying on popular narratives. Read the complete story here - https://lnkd.in/gquBiAYw #CreateWealth #Dezerv

🚀 Exciting news from the founders of CoinSwitch! Ashish Singhal, Vimal Sagar Tiwari, and Govind Soni have unveiled Lemonn, a stock investment platform, under the PeepalCo umbrella brand. Licensed as Nu Investors Technologies Pvt Ltd for stock broking services, Lemonn offers zero brokerage fees for three months and curated industry-based stock offerings, simplifying stock investing for Indians. Ashish Singhal, PeepalCo cofounder and group CEO, emphasized Lemonn's mission to make stock investing engaging and effortless, aiming to bridge the gap for millions of Indians who find stock markets complicated. Lemonn, the second independent company under PeepalCo, plans to disrupt the Indian investment tech space by offering features like zero brokerage fees, curated stock offerings, and comprehensive financial glossary. Led by business head Devam Sardana, Lemonn boasts a dedicated team focused on enhancing user experience and expanding its offerings to include mutual funds, futures, options, and IPO investments in the future. While CoinSwitch's investors will continue to hold similar stakes in Lemonn, the launch marks PeepalCo's strategic move to capture a share in India's growing investment tech market, projected to reach $74 billion by 2030. #Lemonn #PeepalCo #StockInvesting #InvestmentTech

From starting in 2010 to becoming the best stock broker in India in 2024 Zerodha brought about a revolution in the stock market industry and disrupted the traditional brokerage model. 2010: Two brothers, Nithin Kamath and Nikhil Kamath, founded Zerodha , a company that disrupted the traditional brokerage model by introducing the concept of discount brokerage, significantly reducing trading costs for retail investors. 2013: One of Zerodha's key milestones was the launch of its proprietary trading platforms. They introduced "Pi," an advanced desktop trading application equipped with sophisticated charting tools and analytical features. 2015: The founders decided to make the delivery of equity investments free of charge, from a fee of ₹20 per order to ZERO fee. This resulted in the first wave of Zerodha’s growth. 2020: In just 5 years, the customer base went from 30,000 accounts (2015) to 14 lakh accounts (2020). In 2020, two things happened: First, the Covid-19 lockdown fueled the interest of Indians towards stock investing and trading. This surge in interest led to massive growth as many new customers opened Demat accounts through Zerodha.  As a result, their user base surpassed one crore, with over 62 lakh active customers placing millions of orders per day. Second, after 10 years of operations, Zerodha became a profitable unicorn startup. One of the few profitable unicorns! 2023: Zerodha clocked overall revenue of around Rs 6,875 crore in fiscal year 2023 and a profit after tax of Rs 2,900 crore. I am conducting a free stock market webinar, you can register using link in the comments. Do you use Zerodha? If yes, what is your experience with it? #zerodha #stock #stockmarketIndia

2010: When Zerodha went live for retail trading 2024: To stock market giant 'Zerodha' - a company that revolutionized stock trading in India. Their journey holds valuable lessons for all of us in the financial world. As a trader and entrepreneur, I'm always inspired by success stories in our industry. Here is how I feel Zerodha did it: 1. Spot the Gap: Zerodha identified high brokerage fees and complex systems as major pain points. As traders, we should always be on the lookout for inefficiencies in the market. 2. Embrace technology: Their tech-first approach changed the game. In trading, staying ahead of technological trends can give us a significant edge. 3. Education is key: They didn't just provide a platform; they educated their users. This reminds me of why I started Tradersync India - to help traders learn and grow. 4. Customer-Centric Approach: Their focus on user needs drove their success. In trading, understanding our client's needs is crucial for long-term success. 5. Innovative Pricing: Their disruptive pricing model opened up trading to a wider audience. It's a reminder that sometimes, challenging the status quo can lead to breakthrough success. 6. Bootstrapping Power: Zerodha's self-funded growth shows that with the right strategy, you don't always need external funding to make it big. 7. Personal Branding: The Kamath brothers' thought leadership amplified Zerodha's brand. It's something I've experienced firsthand - sharing our journey can create a deeper connection with our audience. As someone who started with just Rs 100,000 and built a trading business, Zerodha's story resonates with me. It shows that with vision, innovation, and a focus on solving real problems, we can create something truly impactful in the financial world. What's your take on Zerodha's success? Have you applied any similar strategies in your trading or business? Share your thoughts below! #TradingInnovation #FinTech #EntrepreneurshipLessons #ZerodhaSuccess #TraderSync

Here are the best apps to start investing in 2024, Zerodha: Known for its low-cost trading platform, Zerodha offers a user-friendly interface and a range of investment options including stocks, mutual funds, bonds, and more. Groww: Groww is a beginner-friendly investment app offering mutual funds, stocks, and gold investments. It provides educational resources and simplified investment processes. Upstox: Upstox is another popular brokerage app in India known for its low brokerage fees and easy-to-use interface. It offers trading in stocks, commodities, futures & options, and mutual funds. Start your investment journey by one of these apps based on your financial goals and target. Don’t forget to follow us to gain more financial insights. . . . #InvestSmart #FinancialFreedom #Investing #Zerodha #Growth #Upstox #FinanceTips #WealthBuilding #InvestSmart #virtualggc Sumit Tajpuriya Ritika Tajpuriya sangram karwatkar LAABHESH SAVADIA

Making simple things is tough! I created my first trading account with Zerodha somewhere in 2017-18. I don't remember the exact process but I remember it was painful because I had to first fill the form, then take print out and then courier it to Zerodha. It took more than a week to open the account and start investing. On the other hand, the account opening experience with Groww was the exact opposite. I didn't even want to open another demat, I was just trying the new offering (I was already a mutual fund investor through them). I was aware that the India stack had made account opening significantly easy but was also sure that it could not be opened in a few clicks. But a few clicks it was. In fact, as far as I remember, just 1 click. Same was the case with IPO applying experience. A few clicks in Groww vs a bunch of clicks in Zerodha, in fact for most part it was through Zerodha Console which was first a redirection and then a bunch of clicks. And hence I was not surprised when I saw this data yesterday. Groww has 1.3x the active clients of Zerodha. To a new investor, Zerodha is difficult to understand while Groww is butterly smooth. Zerodha has many tools, much more than Groww, but most retail investors are not looking for them. For many, IPO application is the entry gate to investing and Groww provides the simplest experience there. Thus, a lot of new investors, specially those coming from tier 2+ cities, end up at Groww. Zerodha has more affluent audience and a more advanced product, hence, it might remain the leader (in value terms) for some time but in the longer term, it would likely be Groww which would win the broking race.

Founded in 2009 by Ravi Kumar, Shrini Viswanath, and Raghu Kumar, Upstox started with a vision to democratize trading and investment for everyday Indians. 😇 Originally known as RKSV Securities, the Mumbai-based startup set out to provide affordable and accessible stock trading services in a market traditionally dominated by high fees and complex processes. ✨ In its early years, RKSV offered specialized trading services for institutional clients. However, the founders quickly recognized the potential for growth in retail trading, especially as India’s tech-savvy population expanded. In 2016, the company rebranded as Upstox and shifted its focus to empowering individual investors by providing a seamless, low-cost trading platform. 🙌 Upstox’s core appeal lies in its easy-to-use mobile and web-based platforms, which allow users to trade in stocks, commodities, mutual funds, and derivatives. By eliminating high brokerage fees, offering flat-rate trading, and leveraging a user-friendly interface, Upstox opened the doors for more Indians to participate in the stock market. 💫 The platform's simplicity, transparency, and affordability quickly gained traction, making it a popular choice among millennial and first-time investors. 😄 With the Indian stock market experiencing rapid digital transformation, Upstox was perfectly positioned to capitalize on this trend. It introduced features like zero account maintenance fees, educational resources for novice traders, and an intuitive interface that simplified investment decisions. 🌻 The startup attracted significant investor interest, including from Tiger Global Management, which led a funding round that valued the company at over $3 billion. 💰 Upstox’s success story reflects its commitment to making stock trading more inclusive and accessible, positioning it as a major player in India’s financial landscape as it continues to empower millions to invest and grow their wealth. 🌟 Follow for more 💯 #startupstory #upstox #raisemoney

New age tech IPOs rake in Rs 15,000 crore, best year since 2021 - Times of India MUMBAI: New-age tech IPOs are cashing in on bullish stock market sentiments after anearly three-year lull. With nearly Rs 15,000 crore so far, this year has turned out to be the best for IPO fund-raising since 2021, when the first wave of big startup listings, including Paytm, Zomato & Nykaa, had hit the markets.Six new age tech startups, including Ola Electric and FirstCry, have gone public this year raising a combined Rs 14,571 crore, according to Prime Database and exchange data.In 20... Read more here: https://lnkd.in/dkuuSCMJ . . Like 💝 Comment below ⏬ Share ✅ For More Such Updates Follow Us @qnewshub @qnewscrunch . . #qnewshub #qnewscrunch #Business