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Dhan crosses 1 Mn users mark in Feb; Groww continues to lead stockbroking space

EntrackrEntrackr · 2d ago
Dhan crosses 1 Mn users mark in Feb; Groww continues to lead stockbroking space
Medial

Dhan crosses 1 Mn users mark in Feb; Groww continues to lead stockbroking space India’s retail broking industry added 3.5 lakh users in February, taking the total to 4.54 crore. Groww led additions, while Dhan crossed the 1 million user mark. India’s retail broking industry saw moderate growth in February as active users rose by over 3.5 lakh to 4.54 crore from 4.51 crore in January 2026. Groww continued to add the highest number of users, with 3.5 lakh new clients in January and 2.65 lakh in February. Significantly, Dhan crossed the 1 million users mark after adding 19,000 new users during the last month. Zerodha and Angel One each added over 10,000 clients during the month. According to NSE data, Groww saw another 2.13% month-on-month rise in its user base in February 2026, which took its total client base to around 1.27 crore (12.75 million) and pushed its market share to 28.03%. Zerodha again added 10,000 clients in February, after several months of decline last year. The firm had lost around 1 lakh users in November and another 72,000 in December. Its total user base now stands at 68.72 lakh, with a 15.11% market share. Angel One added over 10,000 new demat accounts in February after a loss of 13,000 users in January. Upstox slipped to 5th place in January after losing 41,000 users and continued its decline in February, losing over 27,000 accounts, with its market share falling to 4.42%. Among traditional players, ICICI Securities, SBI Securities, and Kotak Securities added around 30,000, 16,400, and 9,500 accounts, respectively. Paytm saw an increase of about 9,700 accounts, while HDFC Securities and Motilal Oswal reported a decline in client numbers. Emerging brokers Dhan and INDmoney reported growth in their user base, adding 19,000 and 6,000 users, respectively. Recently turned unicorn Dhan crossed the 10 lakh user mark, with a market share of 2.24%.

DPIIT recognises 1.40 lakh entities as startups as on June 30

Economic TimesEconomic Times · 1y ago
DPIIT recognises 1.40 lakh entities as startups as on June 30
Medial

The Department for Promotion of Industry and Internal Trade (DPIIT) has recognized 1.4 lakh entities as startups, making them eligible for various incentives including income tax benefits. The recognition comes under the Startup India initiative, which aims to build a strong ecosystem for nurturing innovation and encouraging investments in startups. Maharashtra has the highest number of recognized startups, followed by Karnataka, Delhi, Uttar Pradesh, and Gujarat. The government has also approved funds for startups through schemes like Startup India Seed Fund and Fund of Funds for Startups. Additionally, over 5.7 lakh sellers and service providers are registered on the Open Network for Digital Commerce (ONDC), promoting open networks for digital transactions.

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