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UPSTOX GROWTH 2024
BigBasket founder's exit; Pocket FM’s reverse flipAmazon veteran Amit Nanda, currently director of selling partner services, now takes over as CEO.
Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
Economic Survey on AI, jobs; Apple’s big India biteThe Economic Survey raised concerns over AI’s impact on jobs. This and more in today’s ETtech Top 5.
Upstox FY24 revenue up 25% to Rs 1,311 crore, net profit at Rs 190 croreUpstox competes with the likes of Groww and Zerodha. It had around 2.8 million active traders as of November 2024, according to data from t...
Mamaearth founder Ghazal Alagh youngest self-made woman entrepreneur: Hurun listGhazal Alagh, aged 36 and the co-founder of Mamaearth brand, has been recognized as the youngest self-made woman entrepreneur in the recent...
Zomato CEO Deepinder Goyal crowned India's 2nd biggest self-made entrepreneur, Swiggy founders 3rd: Hurun listHurun India reports Deepinder Goyal as India's second-largest self-made entrepreneur following Zomato's valuation surge. Radhakishan Damani...
Stride Ventures launches fourth fund, targets $300 million corpusAccording to the venture debt firm, it has fully returned Fund I, a $50 million fund launched in 2019, to its investors, which include bank...
A family affair: Looking to grow with GenAIET brings a snapshot of how India’s top family offices are increasingly betting on GenAI startups. Among Indian family offices, Premji Inve...
Total Demat accounts surge by 4.4 million to 175 million in September; Zerodha's market share declinesIndia's total demat accounts reached 175 million in September 2024, with an increase of 4.4 million accounts for the month. This brings the...
Netflix India brings on board former Walmart Global Tech executive Sudeep Ralhan as head of talentNetflix India has appointed Sudeep Ralhan, a former Walmart Global Tech executive, as head of talent. In this role, he will focus on enhanc...
Demat accounts: Groww market share crosses 25%, Zerodha continues to loseAccording to Motilal Oswal, the market share of Groww stood at 25.1% after rising 41 bps MoM. At the same time, Zerodha's market share went...
Demat account additions flat at 31 lakh in April. Overall tally rises to 15.40 croreThe number of Demat accounts increased by 31 lakh in April to 15.40 crore accounts with month-on-month (MoM) growth remaining flat and in l...
Zerodha, 4 other discount brokers widen lead in active clients vs traditional brokers in AprilTop five discount brokers expanded their lead over traditional ones in active clients on NSE, reaching 63.9% share in the previous month, u...
Girish Mathrubootham steps down as Freshworks CEOFreshworks founder Girish Mathrubootham has stepped down as the chief executive and is being replaced by Dennis Woodside. This and more in ...
When Bharat places a buy on India, D-Street can thank discount brokersThe Big Four in this business - Groww, Zerodha, Angel One, and Upstox - continue to displace traditional brokers with a 63% combined market...
43 lakh new demat accounts added in February, total count now stands at 14.80 croreCentral Depository Services (India) Limited continued its market dominance gaining market share in February 2024 in terms of the total numb...
The rise & rise of new-age stock brokers; and other top tech, startup stories this weekA crop of tech-first stockbrokers is not only leading from the front in adding new customers, they’re also generating strong revenues and p...
Fresh layoffs at Byju’s; iPhone shipments from India cross Rs 10,000 crore in MayEdtech major Byju's is undertaking another major round of layoffs which is expected to impact at least 500-1,000 full time employees across...
Sebi’s new ASBA norm may increase competition among brokers: Upstox CEO Ravi KumarAs of January 2023, the number of demat accounts in India increased to 11 crore, up from 8.4 crore during the same period the previous year...
Budget 2023: Blockbuster formula for inclusive growthTransparent taxation, simplified documentation, and inclusive finance were the three pillars of the budgetary reforms. To further these eff...