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Zerodha rival Groww's revenue jumps 119% to Rs 3,145 crore in FY24, losses stood at Rs 805 crore

  • Groww, a rival of Zerodha, witnessed a 119% increase in revenue to Rs 3,145 crore in FY24.
  • The growth was driven by subscription fees, commissions, and tech platform revenue.
  • Despite the revenue surge, Groww reported a net loss of Rs 805 crore due to a one-time tax payment.
  • The company maintained operational profitability with an operating profit of Rs 535 crore.

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