Subramanya S V’s Post

#Zerodha's profits grew by 62% in FY24, reaching ₹4,700 crore, as the company continues to push for expansion beyond stockbroking. #Kamath aims to turn Zerodha into a bank, but obtaining a banking license remains a significant hurdle. #ecricket He recently invested in the Bengaluru team for the upcoming Global e-Cricket Premier League, which will start in January 2025. #Founded in 2010: #Nithin and #NikhilKamath started Zerodha to revolutionize stock trading in India with a discount-broking model. #Disruption of Brokerage Fees: Zerodha introduced zero brokerage for equity investments and a flat fee for intraday trades, attracting a large user base. #User #Growth: The platform grew rapidly, reaching over 10 million clients and capturing a significant market share. #Focus on Technology: Leveraged tech-driven solutions like Kite, a powerful trading platform. #Profitability: Zerodha became one of the rare profitable fintech startups, with significant growth in revenues and profits. #trading #banking #cricket

Raised in the United States, Ravi Kumar, the CEO and creator of Upstox, one of India's fastest-growing #investment platforms, developed an early interest in the stock market. CEO of Upstox Ravi Kumar began stock trading at the age of sixteen. After graduating from the University of California-Irvine with a degree in computer science, Ravi Kumar began working at TD Ameritrade's flagship Thinkorswim trading platform. Even though the job was paying well, he made the decision to set out on his own. He and his brother Raghu soon established an automated #proprietary trading desk in Chicago. The company prospered, but in 2008 the US entered a recession, and the subsequent market meltdown compelled Ravi Kumar to refocus his efforts in India. Along with Shrini Viswanath and Kavitha Subramanian, Ravi Kumar co-founded Upstox (formerly known as RKSV securities) in 2009. The purpose of Upstox was to give Indian retail traders and #investors access to a platform for investing opportunities. Upstox is India's second-biggest stock brokerage company. The fact that billionaire investor Ratan Tata has invested in #Upstox is a good indicator of the company's success. There is a significant difference between the average Indian client now and previous generations when it comes to trading and investing, convenience of use, and general #financialmanagement. Thus, we see this as a chance to assist individuals in making smarter investments with their capital," Ravi Kumar previously stated in a statement. Upstox has partnered with the 2023 Indian Premier League in an effort to position itself as a #business with a diverse clientele. With a USD 3.4 billion net worth, Upstox is currently more valuable than Groww and Zerodha combined. Indians continue to move up the socioeconomic ladder, thus it's clear that good #money management techniques are becoming commonplace in Indian culture. As a result, it appears that India will lead the fintech revolution and become its center. This would be made possible by an atmosphere that is supportive of investments and #financial education as well as India's aspirational demographics. www.tycoonstory.com #RaviKumar #Upstox #FinancialInnovation #StockMarketIndia #Investing #Finance #Startup #Success #Trading #FinanceLeadership #Indian #Entrepreneurs #Fintech #WealthManagement #Market #InvestmentGoals Upstox Akshay Lotekar Sathvik Pakki Pratha Bhardawaj

Credgenics is thrilled to be honored with the 2023 ASK Private Wealth Hurun India Future Unicorn Award. The ASK Private Wealth Hurun India Future Unicorn Index 2023 is a ranking of India’s start-ups founded in the 2000s, worth at least US$200mn, not yet listed on a public exchange, and most likely to ‘go Unicorn’ within three years (Gazelles) or five years (Cheetahs). It aims to showcase India’s rapidly growing startup ecosystem and is based on regulatory filings, feedback from entrepreneurs, and input from active India-focused VC funds and angel investors. Credgenics’ recognition as a Cheetah in the SaaS sector, representing high-growth potential start-ups with valuations estimated between US$200 million and US$500 million, serves as a resounding testament to the exceptional standards that Credgenics has set for the technology-led transformation of the financial services ecosystem in the area of debt collections. Notably, Rishabh Goel, CEO, Credgenics, and Anand Agrawal, CPTO, Credgenics, are among the youngest start-up founders in the ASK Private Wealth Hurun India Future Unicorn Index 2023's Cheetah category. Their ingenuity exemplifies the limitless potential of entrepreneurship. https://lnkd.in/g27zhXVN Mayank Khera | Abhishek Sharma | Anurag Kumar | Asvini Krishnan | Hendra Rahman | Kiran Mishra | Manjari Lakshmanan | Nitin Garg | Palak Goyal | Puneet Sharma | Sukhpreet Singh | Vibhor Singhal | HURUN INDIA | ASK Private Wealth #HurunIndia #FutureUnicornAwards #CelebratingEntrepreneurs #VisionaryLeaders #India #ASKPrivateWealth #DelhiEntrepreneurs #MakingIndiaProud #HurunIndiaAwardsDelhi #digitalloancollections #debtrecovery #loancollections #fintech #finance #banking #bankingindustry #nbfc #banks #bfsi #technology #tech #credgenics

Why Zerodha might have a 30-40% revenue decline 👇 Zerodha is hands down, one of the most profitable startups in the country as it reported a revenue of 8320 crores and a PAT of 4700 crore in FY24 From 4694 cr in 2022 and 6875 cr in 2023, Zerodha's revenue has been rising decently well until now ⚠️ On the other hand, from 2094 cr in 2022 and 2907 cr in 2023, the profits have been going up 🚀 However, the Kamath brothers fear that going forward revenues will take a 30-40% hit [1] SEBI's new circular removes the rebates Zerodha earns from exchanges, which currently account for about 10% of its revenue. To compensate, Zerodha may introduce fees for equity delivery or raise F&O brokerage, potentially impacting its user base and overall revenue [2] SEBI’s planned measures to increase the minimum contract size and margins for index derivatives trading will make it harder for small traders to participate, which could reduce overall trading volumes. For firms like Zerodha, this may lower revenue from derivatives trading as fewer people can afford to trade in larger contracts. [3] STT will rise and futures trading might take a hit, as the higher tax will make it more expensive for traders, reducing activity. [4] SEBI has raised the threshold for charging Annual Maintenance Charges (AMC) on Basic Services Demat Accounts (BSDA). Zerodha can now charge AMC only for accounts holding ₹10 lakhs or more, up from ₹4 lakhs. This, along with removing account opening fees, will reduce Zerodha's revenue. [5] Zerodha has halted its referral program payouts, where customers earned commissions for bringing in new customers which might slow their growth What is my take? 🤔 [1] SEBI and Govt are trying hard to stop speculative trading but the active number of traders is rising rapidly so the core revenue model of Zerodha will continue to generate high revenues despite short-term hits [2] Kamath brothers have a lot of cash in their hands since they have been profitable since inception so we will see more investments by Zerodha and Rainmatter by Zerodha in different growing sectors [3] Zerodha is slowly trying to enter into the AMC space by launching passive funds despite the industry being extremely competitive The AMC industry is deeply underpenetrated and is nearing an inflexion point A similar disruption can be expected in the Insurance Segment and Zerodha has already invested in Ditto Insurance [4] Zerodha has always experienced organic and word-of-mouth marketing which has kept its marketing costs almost negligible and this is one of the main reasons why it has maintained a low CAC and high CLTV The times have changed and Groww, Angel One have been using content marketing at the forefront for user education and awareness which has been working well for them WTF is one such initiative by Nikhil Kamath to keep up with the content game What is your take on the same? Would love to hear your thoughts in the comments 👇 #zerodha

OneCard is India's leading metal credit card designed for the mobile generation, catering to individuals new to credit and seeking reward opportunities. This innovative credit card startup, based in Pune, recently raised Rs 239.4 crore or $28.5 million from prominent investors including Better Tomorrow Ventures, Peak XV Partners (formerly Sequoia Capital), and Z47 (previously Matrix Partners). Despite being the company's first equity investment in 2024, OneCard had previously secured debt funding in January. With a valuation of approximately Rs 11,747 crore or $1.4 billion post-allotment, OneCard partners with banks like IDFC First Bank, Federal Bank, and SBM Bank, offering co-branded credit cards and a credit score tracking app known as OneScore. The company experienced a six-fold increase in operating revenue from Rs 593 crore in FY23 to Rs 97.8 crore in FY22, while simultaneously witnessing a 2.2x rise in losses to Rs 405.6 crore in FY23. Mobile-first credit card startup OneCard, located in Pune, secured Rs 239.4 crore ($28.5 million) from investors such as Better Tomorrow Ventures, Peak XV, and Z47. This is their initial equity investment in 2024, following a debt funding round in January. The funds will be utilized for issuing 72,048 cumulative preference shares at a rate of Rs 33,228.3 per share. OneCard collaborates with banks like IDFC First Bank, Federal Bank, and SBM Bank, providing co-branded credit cards and a credit score monitoring app named OneScore. In FY23, the firm witnessed substantial growth, with operating income rising six-fold to Rs 593 crore, while losses doubled to Rs 405.6 crore. Factacy.ai Congratulates and wishes them well. Anurag Sinha #innovation #management #digitalmarketing #technology #creativity #futurism #startups

#1st May# Hey there, everyone! 🌟 Here's the latest buzz in the world of business: 🚀📰 🔥 Assert Al, a computer vision SAAS company, has raised Rs 30 crore ($4 million) in a funding round led by prominent investors including: 💼 Ramesh Hariharan (ex-CTO and co-founder of LatentView), 💡 Prashant Purker (former MD & CEO of ICICI Venture), 🌾 Arya.ag (integrated grain commerce platform), and selected individuals. 💰The funds will be used to scale up the operations and develop new products. 💸👨💼 🚕 Hemant Bakshi resigned as the CEO of ANI Technologies, the parent company of Ola Cabs, just 4 months in. 👨💼Bhavesh has taken charge in his place. Bakshi has resigned due to personal reasons, and his departure comes at a critical time for the ride-sharing company as it prepares for its IPO. 💼 🎮 Short video and live streaming platform Chingari has launched Chingari Game Zone, marking its foray into the Web3 gaming space. 🕹️The move is part of Chingari's strategy to expand its offerings and attract a wider audience. 👥📈 🔍 The ride-hailing firm OLA (ANI Technologies) is planning a restructuring that will result in around 200 job cuts, pre-IPO. 📉The restructuring is aimed at streamlining operations and improving efficiency ahead of the company's IPO. 👥💼 🚀 Kiranatech platform 1K (formerly 1K Kirana Bazaar) secured Rs 32 crore or $4 million in its extended Series B round (bridge round) from existing investors in July last year at a 60% haircut in valuation. 💰The funds will be used to expand the platform and improve its offerings, strengthening its position in the Indian e-commerce market. 🛒🌐 💳 Bengaluru-based fintech start-up Fi has been granted a non-banking financial company (NBFC) license by the Reserve Bank of India. 🏦The license will allow Fi to offer a wider range of financial services to its customers, including loans, insurance, and investments. 💰📈 🌱 Homegrown investment firm Oister Global has launched a fund, Oister India Pinnacle Fund (OIPF), worth INR 440 crore (approximately $59 million), to invest in early-stage, growth-stage, and late-stage venture capital and private equity funds. 💡The fund will support the growth of India's start-up ecosystem, providing much-needed capital to innovative start-ups. 💼🌱 Hit that "FOLLOW" button to stay up-to-date with India's startup scene, feel the excitement of innovation, and be inspired by the latest news on emerging businesses!! 🔔💻👀🚀 #startups #funding #india #tech #venturecapital #NBFC #ola #chingari #kirana #fintech #investments #restructuring #startup #ICICI #Ceo #AI

❕ 𝐁𝐫𝐨𝐤𝐞𝐫𝐚𝐠𝐞 𝐓𝐢𝐭𝐚𝐧𝐬 𝐂𝐥𝐚𝐬𝐡: 𝐆𝐫𝐨𝐰𝐰 𝐯𝐬 𝐙𝐞𝐫𝐨𝐝𝐡𝐚 ❗ Zerodha is ideal for active traders who want advanced features and lower fees for intraday and F&O trading. Groww, on the other hand, is better suited for beginners and long-term investors interested in mutual funds and equity delivery trading. Zerodha revolutionized the brokerage industry by introducing the discount brokerage model, significantly reducing trading costs for retail investors and making investing accessible to everyone. Its platforms, such as Kite for equities and derivatives and Coin for mutual funds, provide seamless and intuitive trading experiences. Zerodha's transparent pricing and diverse product offerings, including bonds and government securities, have earned it a large and loyal client base. Despite initial challenges, Zerodha's strong focus on customer service has paid off, achieving a flawless 0% complaint rate by FY 24-25. Zerodha's client base on the NSE grew from 1.4 million to an impressive 7.4 million in just five years, showcasing its dedication to investor success. Along with other products, Zerodha also launched Varsity Junior—a series of animated stories about a group of young kids in a small Indian village. Groww set out to simplify investing for the modern, tech-savvy generation. It started with direct mutual funds and quickly expanded to include stocks, digital gold, derivatives, and IPO investments. With its sleek, user-friendly interface, Groww became the go-to platform for many new investors. Despite its rapid growth, Groww focused on customer satisfaction, maintaining a consistently low complaint rate. By FY 24-25, it had over 9.9 million active clients with a Client share of 23.74% of Total Active Clients (NSE), who enjoyed a smooth and rewarding investing experience.  Through ups and downs, Groww's commitment to excellent service remained strong, making it a trusted ally for investors navigating the market. Deciding between Zerodha and Groww hinges on your investment objectives, experience level, and ability to handle risk. #HappyTrading #InvestWithZerodha #GrowwVsZerodha #InvestWithGroww #GrowwTrading #ZerodhaTrading #StockBrokers #Investment #Trading Lalit Keshre Nithin Kamath Nikhil Kamath Harsh Jain Ishan Bansal Kailash Nadh Source: https://lnkd.in/gg3vvgSk

Fintech unicorn Groww has reportedly doubled its active investor base, touching nearly 11 Mn users as of June 2024, as per National Stock Exchange’s data. As per Moneycontrol’s report, the company had around 5.65 Mn users in the same period of the previous year. Citing the NSE data, the report further said that Groww gained over 5.5 Lakh users in June, while Mumbai-based Angel One added 2.2 Lakh active investors and Zerodha added 1.5 Lakh users. Earlier this month, the Securities and Exchange Board of India (SEBI) barred market infrastructure institutions (MIIs) from offering discounts based on trading volumes or activity of its members, which could threaten the revenue of the discount brokerage companies. Despite discount brokers facing regulatory interventions on their trading operations, the reports highlight the sharp rise in newly opened demat accounts. Total number of demat accounts opened has touched 160 Mn with a net addition of 4.2 Mn accounts, in June, as per the report. According to NSE data, the overall number of active investors is a little above 40 Mn. Groww stole Zerodha’s thunder of the highest active investor base, when it recorded 6.63 Mn active investors at the end of September 2023, against Zerodha’s 6.48 Mn. The report also revealed Angel One is also speeding up to pull in more users every month than Zerodha and is likely to surpass the latter soon. It is noted that the user growth of traditional full-service brokers, largely backed by banks, has been shallow with the discount brokers’ upper hand over the last decade. Despite the tough ground for traditional brokers, the report revealed, SBICAP Securities, backed by the State Bank of India, has seen its active investors rise 64% to 9.2 Lakh in June, from 5.6 Lakh users, a year ago. #startupnewsindia #NewsUpdate #startupindia #dailynews #dailynewspaper #news #newsfeed #newsupdate #indiadailynews #indiadaily #newsdaily #startup #dailyupdates #startupro #groww #growwmarket #growwmarketing #sharemarket

🌏 WealthTech Bulletin 🌏 Weekly update on WealthTech & Fintech companies of India [ 7 Dec. 24] 💰 Fintech startup The Money Club has secured $2.5 Mn in a Series A funding round led by Prudent Investment Managers. Money Club and have built a deep tech group savings platform where users save money with other verified peers in government registered funds, allowing 400m lower middle-class Indians to save safely and securely. 💰 MobiKwik to raise Rs 572 Cr in IPO amid 70% valuation cut MobiKwik is a FinTech platform, offering a wide range of financial products for both consumers and merchants, including payments, digital credit, and investments. 💰 WealthTech platform ZFunds has secured Rs 25 crore ($3 million) in a new round led by Elevation Capital and participation from Yashish Dahiya, 💰 PB FINTECH LIMITED forays into healthcare services. 🚀 BharatPe launches ‘Shield’ to secure UPI payments in India. A robust fraud protection plan designed to safeguard digital transactions. Follow InvestTech100.com for news, events and jobs update of WealthTech & InvestTech companies of India. Explore WealthTech & InvestTech Companies of India: https://investtech100.com/ #fintech #weath #wealtech #investtech #investtech100 #finance #investing #trading #finance #investment #technology #investment #money #wealthmanagement #personalfinance #stock #mutualfund

Stockal, a global #B2B2C investing platform based in #NewYork, has acquired , ACRU Finserv Private Limited #Bengaluru-based startup specializing in investment infrastructure for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs). The acquisition was executed through an equity stock swap, although the financial details remain undisclosed. With this move, #Stockal will allow #Indianinvestors to access over 6,000 global securities while facilitating investments from NRIs and foreign investors into India’s thriving markets. The #company claims to have processed over Rs 15,000 crore in transactions to date, and the acquisition is expected to generate an additional Rs 500 to Rs 1,000 crore of new investments into #India over the next year. Revenue and Growth Projections #Stockal anticipates that the #Acru acquisition will contribute approximately $1 million in revenue this year. The firm is strategically expanding its global presence, already active in key markets such as the #MiddleEast, #SoutheastAsia, and #Africa. Leadership Insights “We are thrilled to welcome Acru into the Stockal ecosystem. This acquisition enables us to offer a truly holistic infrastructure for cross-border investing,” said Sitashwa Srivastava, Co-Founder & CEO of Stockal. He emphasized that the Acru infrastructure will be offered to global banks, brokerages, wealth managers, and fintechs, simplifying the investment process for NRIs and PIOs. This positions Stockal to engage a larger audience, particularly the estimated 30 million NRIs worldwide. Acru’s Contributions and Future Plans Acru, with its specialized investment infrastructure, complements Stockal’s offerings by accelerating global market access, particularly in regions with growing demand for investing in India. Manjunath Reddy, Founder & CEO of Acru Finserv, stated, “At Acru, we have developed robust infrastructure that facilitates #investments in #Indian #mutualfunds, #digitalgold, and #digitalsilver. TR Suresh | Shekhar Prasad | Gaurav Gulati | Sumit Kochar, TEP | Gagandeep Singh Vig | Mitesh Shah | Nishant Pandey | Anirudha Modak | Suhel Kothari | Vikrant Varshney | #stockal #acru #stockalandacru #stockalacquisitionofacru #startupnews #startupronews #startupro