Explore the latest news, in-depth reports, and executive analysis tagged with #Stock Broking.
Earlier in May, the venture capital firm sold 6.2 crore shares in a transaction valued at nearly Rs 1,116 crore.
The approval marks another step in Zerodha’s strategy to diversify its business outside core stock broking.
Zerodha's margin trading funding (MTF) book has grown to around Rs 9,000 crore with customers borrowing around Rs 6,000 crore.
The transaction marks Y Combinator’s second significant share sale in Groww this year after the six-month lock-in period for investors ended following the startup's listing late last year.
Its net operating revenue rose 14% year-on-year to Rs 904.9 crore.
Goldman Sachs Bank Europe SE purchased the entire stake in the transaction.
The app it said is designed around a goal-based investing approach, allowing users to invest in stocks, mutual funds, SIPs and IPOs.
CEO Lalit Keshre sold shares worth Rs 18.6 crore, while Harsh Jain, Neeraj Singh, and Ishan Bansal also sold part of their holdings.
Raise Financial plans to invest $15 million to build a direct consumer insurance distribution platform.
Ribbit Capital was among the major sellers, while Peak XV continues to remain one of Groww’s largest shareholders.
The approval for the stock broking business covers fixed-income instruments like corporate bonds, government securities, and treasury bills.
Dream Sports' entry into stock broking comes at a time when the industry already has established new-age players.
In a LinkedIn post, Jain described his exit as the close of a long phase and the beginning of something new.
Elevation Capital and Accel India participated in the investment round.
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.
In his new role, Singh will be responsible to create an accessible investment platform that enables all investors to use its services.
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.
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.
ADIA had first invested in MobiKwik in 2021, putting Rs 14.89 crore at a $700 million valuation.
