Groww Reports 119% Revenue Growth in FY24, Surpasses Zerodha in Active Client Base
- ByStartupStory | January 14, 2025
Bengaluru-based fintech company Invest Tech, which operates the online stock broking platform Groww, has reported remarkable financial and operational performance for the fiscal year 2024 (FY24).
Groww witnessed a staggering 119% growth in its revenue, which surged to INR 3,145 Cr in FY24, compared to INR 1,435 Cr in FY23. The company also maintained its operational profitability, recording INR 535 Cr in FY24, up from INR 458 Cr in the previous year.
On the user front, Groww has outpaced its competitors. According to the latest data from the National Stock Exchange (NSE), the platform added 2.82 Lakh new users in November, bringing its total active client base to 1.29 Cr. This marks a significant lead over Zerodha, whose active user base stood at 81.25 Lakh during the same period.
The exceptional growth of Groww showcases the increasing popularity of digital investment platforms in India. By focusing on user-friendly interfaces, transparent pricing, and a growing suite of financial products, Groww has solidified its position as a market leader in the stockbroking and investment segment.
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