5Paisa.com adds 99,000 customers in Oct-Dec

Discount broker 5Paisa.com on Tuesday said it has added 99,000 customers in October-December, taking its customer count to 4,24,000.

Its average daily cash turnover grew by 12 per cent in the October-December period over the last quarter, and the average daily cash market share and total market share stood at 2.96 per cent and 2.04 per cent respectively, the company said in a release.

The technology-driven company targets retail investors and high volume traders who actively invest and trade in securities market and seek DIY (Do-it-Yourself) services at a low cost.


5Paisa.com is looking at massive growth in the next few years after it was bolstered with Rs 110 crore fund infusion through a rights issue in August.