Groww saw a 2.4X growth in its operating revenue during FY24, reaching ₹2,900 crore, up from 1,295 crore in FY23.Groww profits surged more than 4X, rising to 298 cr in FY24 from ₹73 crore in FY23.
Retail broking accounted for 90% of Groww operating revenue. The platform holds a 25% market share in India as of August 2024, with 1.2 crore active users, overtaking Zerodha as the leading stockbroking app.
Retail broking accounted for 90% of Groww operating revenue. The platform holds a 25% market share in India as of August 2024, with 1.2 crore active users, overtaking Zerodha as the leading stockbroking app.
The increase in broking volume contributed to Groww's fourfold profit growth, with its return on average net worth improving to 40.3%
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