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
#Stockbroking
Explore the latest news, in-depth reports, and executive analysis tagged with #Stockbroking.
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.
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
Groww IPO: Shares list at 14% premium over IPO price
The stock of India's largest stock broking platform by number of users listed at Rs 114 per share on BSE and Rs 112 on the NSE.
Fintech News
Dhan turns unicorn after $120 million fundraise led by Hornbill Capital
The funding round also saw participation from MUFG Bank, Beenext (an existing investor), along with several family offices and public-market investors.
Fintech News
Zerodha reports 40% fall in brokerage income amid regulatory headwinds
India's leading discount broker faces earnings pressure as new rules and slower trading activity impact revenue.
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
Stock broker Groww gets Sebi nod for $1 billion IPO
The markets regulator has given approval to Groww's IPO papers, which the platform had filed confidentially in May.
Fintech News
IPO-bound Groww records Rs 1,820 crore net profit; raises fresh capital
The stock-broking firm saw its net profit reaching Rs 1,819 crore in FY25, compared to a net loss of Rs 798.76 crore in FY24.
Fintech News
Upstox reports 8x jump in net profits in FY24
Upstox's revenue from operation grew to Rs 1311 crore in FY24, compared to Rs 1050 crore in FY23.