BUSINESS

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BUSINESS

Groww pips Zerodha in active investors

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Active user count

Groww has dethroned Zerodha as India's top brokerage with 66.3 lakh active investors, compared to Zerodha's 64.8 lakh.

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Staggering user growth

Since March 2021, Zerodha's user base has doubled, while Groww's customer base has skyrocketed by 750%.

3

Revenue gap

Despite having more active investors, Groww's revenue is five times lower than Zerodha's due to the latter's dominance in the Futures & Options trading segment.

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Targeting F&O traders

Groww initially focused on long-term investment products and mutual funds but is now targeting daily and F&O traders to boost its revenue.