"At heart, we will always be a crypto company. But the problem that we are trying to solve is investment itself," says CoinSwitch CEO Ashish Singhal
For the criteria deployed to compile this year's list, LinkedIn looked at platform data from July 2021 to June 2022 across four pillars. Read more to find out
Topping this year's list is unified payments interface CRED. Valued at USD 6.4 billion, this young start-up maintained its podium position on the LinkedIn Top Startups list, moving from the third spot in 2021 to number one in 2022.
Groww was founded in 2016 by four former Flipkart executives – Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal. The platform helps users invest in stocks, mutual funds, exchange-traded funds, IPOs, US stocks, futures and options, fixed deposits and gold. The startup counts Sequoia Capital, Tiger Global as well as Microsoft CEO Satya Nadella as its investors and is valued at $3 billion after raising $83 million in its Series E funding round in October 2021. On this episode of Bits to Billions, the founders spoke about How Groww came about, Lalit Keshre's humble origins, the size of the India opportunity, plans for neobanking and payments. #groww #bitstobillions #moneycontrol
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In an episode of Bits to Billions, Keshre revealed that his beginnings were humble and that he hails from Lepa, a small village in Madhya Pradesh’s Khargone district.
The company said in a mail that prices will remain unchanged for existing users at zero for stock delivery and Rs 10 per intraday of F&O order executed.
The bank is looking to double its current and savings account deposits in the next six months by leveraging its digital capabilities.
The company, over a year old, currently has a workforce of about 30 and plans to double the strength in the coming six to eight months, cofounder Aishwarya Jaishankar told Moneycontrol. She added the funds will also be used for product innovation and business development.
The event will start with a 45 minutes session explaining the basics of investing by an expert.
The startup will look at adding more lending products, starting with unsecured personal loans in the next 12 months. Fi's co-founders added that they do not see any constraints in terms of raising more funds despite the slowdown in startup funding.
Upstox’s active user base stands at 5 million, while Zerodha’s is at 6.2 million of its total 9 million users
Investors can bid for a minimum lot size of 15 shares and in multiples thereof. A retail investor can apply for up to 14 lots or 210 shares for an amount of Rs 1,99,290 at the upper price band.
Alok Pandey has over 16 years of experience in software development and management specifically in the stockbroking and investment industry.
Groww is said to have received interest from sovereign wealth funds of Abu Dhabi and Qatar, besides the Canadian Pension Plan Investment Board (CPPIB).
If the integration goes through, Groww will be Federal Bank’s third bet in the neo-banking space, after Jupiter and Fi
The startup also saw a year-on-year rise in expenses of 2.4 times from Rs 517.7 crore in FY20 to Rs 1,260.2 crore in FY21.
Raise will use this investment to grow Dhan’s product, engineering, operations & customer experience teams, besides launching another product.
Some Groww users were not able to log into their accounts, while others found themselves being logged out every few minutes during trading hours.
This comes a few months after Groww raised $251 million in a Series E funding round, tripling its valuation to $3 billion amidst the unabated funding boom in Indian startups.
Users will be able to trade directly through TradingView charts in equity, options and futures for indices, equity, commodity and currency, Dhan has said
Fear of missing out on listing gains, relatability with new-age internet brands going public and a need to test the waters for better returns is driving the younger cohort to begin their stock market journey through IPOs.
Groww plans to add fixed-income investment products, derivatives, build its mutual funds vertical and extend its reach to under-penetrated geographies post the Series E fundraise
Wealth management platform Fisdom is entering online stockbroking, dominated by the likes of Zerodha, Groww, Upstox and Angel Broking. It hopes to gain a million customers in a year, benefiting from the segment’s rapid growth.
Zerodha said it is experiencing issues with CDSL and will resolve the issue soon. A similar notice was also posted by Groww on its app