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Did Groww's profits really triple before its IPO?
Manage episode 517603443 series 3423246
Groww, the platform that turned stock trading into an everyday habit, is gearing up for India’s biggest-ever broking IPO. On paper, it’s flying high — profits have tripled, revenues have surged past ₹4,000 crore, and competitors like Zerodha and Angel One are feeling the lagging behind.
But look closer, and the shine dulls a little. A big chunk of Groww’s recent gains comes from one-time accounting adjustments, while its active user base and broking income are already slowing. To keep the engine running, Groww is betting on a new frontier — lending — even as rivals crowd the same space.
Tune in.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
614 episodes
Manage episode 517603443 series 3423246
Groww, the platform that turned stock trading into an everyday habit, is gearing up for India’s biggest-ever broking IPO. On paper, it’s flying high — profits have tripled, revenues have surged past ₹4,000 crore, and competitors like Zerodha and Angel One are feeling the lagging behind.
But look closer, and the shine dulls a little. A big chunk of Groww’s recent gains comes from one-time accounting adjustments, while its active user base and broking income are already slowing. To keep the engine running, Groww is betting on a new frontier — lending — even as rivals crowd the same space.
Tune in.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
614 episodes
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