Fintech News
Dhan parent Raise Securities' FY26 net profit falls 20% to Rs 326 crore
Its net operating revenue rose 14% year-on-year to Rs 904.9 crore.
TOPIC COVERAGE
#Stock Broking
Explore the latest news, in-depth reports, and executive analysis tagged with #Stock Broking.
Fintech News
Early Groww investor Friale Fund sells shares worth Rs 210 crore
Goldman Sachs Bank Europe SE purchased the entire stake in the transaction.
Fintech News
Raise launches 'Millions' app to target Gen Z investors
The app it said is designed around a goal-based investing approach, allowing users to invest in stocks, mutual funds, SIPs and IPOs.
Fintech News
Groww founders sell shares worth Rs 270 crore after lock-in ends
CEO Lalit Keshre sold shares worth Rs 18.6 crore, while Harsh Jain, Neeraj Singh, and Ishan Bansal also sold part of their holdings.
Fintech News
Stockbroker Dhan acquires GreenLife Insurance Broking
Raise Financial plans to invest $15 million to build a direct consumer insurance distribution platform.
Fintech News
Peak XV, Ribbit, Y Combinator offload 4.7% stake for Rs 5,352 crore in Groww block deal
Ribbit Capital was among the major sellers, while Peak XV continues to remain one of Groww’s largest shareholders.
Fintech News
PB Fintech gets SEBI approval to enter debt broking business
The approval for the stock broking business covers fixed-income instruments like corporate bonds, government securities, and treasury bills.
Fintech News
Dream11 parent launches AI stock broking platform DreamStreet
Dream Sports' entry into stock broking comes at a time when the industry already has established new-age players.
Fintech News
PhonePe’s Share.Market CEO Ujjwal Jain steps down
In a LinkedIn post, Jain described his exit as the close of a long phase and the beginning of something new.
Fintech News
Sahi raises $33 million in Series B funding led by Accel Growth
Elevation Capital and Accel India participated in the investment round.
Fintech News
Groww doubles profit as revenue crosses Rs 1,500 crore in Q4 FY26
Total expenditure for the quarter grew 38% to Rs 599 crore in Q4 FY26, compared to Rs 435 crore in the corresponding period last year.
Fintech News
Pocketful appoints former Bajaj Broking exec as CEO
In his new role, Singh will be responsible to create an accessible investment platform that enables all investors to use its services.
IPO Tales
Turtlemint IPO: Behind its 8x revenue jump, an internal deal does the heavy lifting
The public offering comes amid a broader wave of new-age listings, where public markets have increasingly doubled up as liquidity events for early investors.
Explainer
Stock broker Groww quietly surrenders payment aggregator licence
The development comes less than two years after securing a coveted payments licence, and barely two months after the company going public.
Fintech News
UPI merchant payments dip in Feb; brokers see 28% fall in transaction value
The overall value of the merchant category-wise purchases via UPI fell to Rs 7.72 lakh crore in February across 12,795.78 million transactions as compared to Rs 8.41 lakh crore in January across 13,608.10 million transactions.
Fintech News
Dream11 parent set to enter stock broking space
The Mumbai-based company has secured all necessary regulatory approvals and is currently testing its product internally.
Explainer
Exclusive: Liquide raising new round led by OTP Ventures, M Venture Partners
Sadev Ventures, founded by former BharatPe executive Dhruv Dhanraj Bahl, also participated in the round.
Fintech News
Dhan FY25 revenue more than doubles to Rs 877 crore
Dhan's net profit increased 2.6x to Rs 408 crore in FY25 from Rs 159 crore in the previous fiscal.
Money & Machines
Groww, and the New Rules of Going Public; OpenAI may spark AI Goldrush for PEs?
August 29th Edition: We track Groww’s hush-hush IPO filing and why unicorns are choosing silence over spotlight; and how OpenAI’s India office could ignite a PE gold rush in AI.
Fintech News
ADIA sells entire stake in MobiKwik
ADIA had first invested in MobiKwik in 2021, putting Rs 14.89 crore at a $700 million valuation.
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