🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Groww hits 13 Mn active users in December, Zerodha's growth slows

EntrackrEntrackr · 10m ago
Groww hits 13 Mn active users in December, Zerodha's growth slows
Medial

Groww hits 13 Mn active users in December, Zerodha's growth slows Groww achieved a significant milestone of 13.16 million active clients in December 2024, translating to a 26.59% market share, according to the latest data from the National Stock Exchange (NSE). The Indian stockbroking industry continues to witness intense competition, with Bengaluru-based fintech unicorn Groww solidifying its dominance. This represents a 2.18% month-on-month (MoM) growth, maintaining its leadership in the sector. Zerodha retained the second position with 8.12 million active users and a 16.41% market share, although its user base shrank marginally by 0.06% MoM. Angel One, ranked third, continues to gain traction, adding 123,018 new users (1.61%) in December for a total of 7.75 million active clients and a 15.67% market share. The combined market share of the top three brokers—Groww, Zerodha, and Angel One—now stands at a commanding 58.67%. Upstox maintained its fourth position with 2.89 million active users and a 5.83% market share followed by ICICIdirect (1.95 million), Kotak Securities (1.5 million), and HDFC Securities (1.42 million). SBI Securities held the ninth spot with 0.98 million, Dhan ranked tenth with 0.93 million active clients. Rising contenders INDmoney remained in the 11th spot with 0.79 million active clients with 8.13% month-on-month growth. Share.Market, PhonePe’s brokerage platform, recorded the highest monthly growth of 8.97%, reaching 0.32 million active users. Last month, INDmoney overtook Paytm Money and ShareKhan in terms of active clients and captured the eleventh spot. In contrast, several players, including Paytm Money (-1.27%), ShareKhan (-0.55%), and Mirae Asset (-1.42%), saw declines in their active user base. Notably, 5paisa experienced the steepest drop among the top brokers, losing 3.35% of its active clients in December. By December 2024, the Indian stockbroking industry is flourishing with both traditional and digital-first firms. Groww remains a leader in attracting users, while new competitors like Share.Market, INDmoney, and Dhan are creating a dynamic and competitive market.

Groww expands lead over Zerodha with 12.59 Mn active users in October

EntrackrEntrackr · 1y ago
Groww expands lead over Zerodha with 12.59 Mn active users in October
Medial

Bengaluru-based stock broker Groww has surpassed the 1.25 crore (12.59 million) mark in active traders in October, driven by the addition of around 3.5 lakh users in a single month, according to data from the National Stock Exchange (NSE). Zerodha, Groww’s closest competitor, had approximately 80.6 lakh (8.06 million) active investors as of last month. Groww overtook Zerodha in October last year and has held the top position ever since. As per the NSE’s data, Groww has nearly doubled its user base over the past year, whereas Zerodha added just 15 lakh new users. Angel One, the third-largest stockbroker, has 75 lakh (7.53 million) active users and may surpass Zerodha in the coming months. Upstox ranked fourth, had 28.52 lakh (2.85 million) users as of last month. ICICI Direct is the fifth largest player in this space with 19.3 lakh active users (1.93 million). Dhan, launched by former Paytm Money executive Pravin Jadhav, had 8.49 lakh (0.84 million) users as of October. Dhan entered the top 10 list of stockbroking apps in India in August this year, replacing Paytm Money. INDmoney and PhonePe's Share.Market are the new entrants in the top 20 list with 6.7 lakh (0.67 million) and 2.69 lakh (0.26 million) respectively. In terms of scale, Zerodha had the highest revenue in FY24 at Rs 8,370 crore, followed by Angel One, which reported Rs 4,272 crore in revenue for the last fiscal year. Nithin Kamath’s Zerodha reported a profit of Rs 2,907 crore, while Angel One’s profits exceeded Rs 1,125 crore in FY24. Groww’s revenue from operations surged to Rs 3,145 crore in FY24. The Lalit Keshre-led company recorded a net loss of Rs 805 crore in FY24, primarily due to a one-time tax payment of Rs 1,340 crore for relocating its domicile to India. Despite this, the firm remained operationally profitable. Upstox, which posted over Rs 1,000 crore in revenue in FY23, has yet to file its annual report for FY24.

Groww widens lead over Zerodha in Oct despite market slowdown

EntrackrEntrackr · 7d ago
Groww widens lead over Zerodha in Oct despite market slowdown
Medial

Groww widens lead over Zerodha in Oct despite market slowdown Amid a slowdown in India’s retail broking industry, wealth-tech platform Groww was the only major player to record growth in October 2025. According to NSE data, Groww added 1.38 lakh active demat accounts during the month, taking its total to 1.2 crore (12 million). Other leading discount brokers saw a decline in active users. Zerodha and Angel One reported drops of 62,000 and 34,000 accounts, respectively, while Upstox lost about 59,000. The total number of active demat accounts across the top 25 brokers slipped 0.13% in October, indicating a phase of consolidation in the retail investing segment. Among traditional players, ICICI Securities and SBI Caps added 13,000 and 25,000 accounts, respectively. Paytm gained around 30,000 new accounts, while most other brokers, including HDFC and Kotak Securities, reported small declines. Digital-first platforms continue to lead the broking market, with Groww, Zerodha, and Angel One together holding over 57% of NSE demat accounts. Groww accounts for about 26.6% of the total, highlighting its growing share among retail investors. Between July and October 2025, the number of active demat accounts across leading brokers fell from 4.72 crore (47.2 million) to 4.52 crore (45.2 million), reflecting the slowdown after the post-pandemic expansion. The rate of decline has eased, pointing to early signs of stabilization in the market. Groww’s continued growth indicates steady user additions despite the broader industry slowdown.

Groww retains lead in stock broking amid falling user base in September

EntrackrEntrackr · 1m ago
Groww retains lead in stock broking amid falling user base in September
Medial

Groww retains lead in stock broking amid falling user base in September India’s active stock market users fell 1.92% in Sept to 45.31M after a brief rebound; IPO-bound Groww led with 11.91M users, down 1.36% MoM. The Indian stock market’s active user base, after rebounding in August 2025 with 0.5% growth to 46.19 million clients, fell once again in September 2025 by 1.92% to 45.31 million clients. IPO-bound Groww maintained its leadership in the stockbroking space with 11.91 million active users and a 25.78% market share, though its user base slipped 1.36% month-on-month from 12.07 million in August. Zerodha retained the second spot with a 15.34% market share and 7.09 million active clients, followed closely by Angel One with 6.89 million clients and a 14.91% share. Both brokers recorded month-on-month declines of 2.43% and 2.28%, respectively. Upstox witnessed another sharp month-on-month decline of 4.24%, taking its active client base down to 2.28 million and its market share to 4.93%. Among traditional stock brokers, ICICIDirect with 1.97 million users (4.28% share), HDFC Securities with 1.52 million (3.28%), and Kotak Securities with 1.41 million (3.05%) maintained their positions at fifth, sixth, and seventh place respectively. Recently turned unicorn Dhan, which raised $120 million at a $1.2 billion valuation, maintained its position at the ninth spot with a 2.12% market share and 9.8 lakh active clients despite a 0.97% month-on-month decline. Paytm Money, with 7.8 lakh users and a 1.68% market share, moved up to the 11th position after registering 2.28% month-on-month growth, while INDmoney slipped to 12th with 7.4 lakh users and a 1.60% share following a 3.86% decline. Mirae Asset saw the largest month-on-month jump of 12.35% reaching 3.3 lakh active users, while PhonePe’s Share.Market recorded a further decline of 5.29% to 2.9 lakh users.

Download the medial app to read full posts, comements and news.