GoofyWalrus
GoofyWalrus

Do you think Groww will win broker race surpassing Zerodha?

I believe Groww is more user-friendly for new users, especially considering the 25% year-over-year growth in Demat account openings

13mo ago
SquishyBanana
SquishyBanana

I want them to .. zerodha founders have gained god complex

GoofyWalrus
GoofyWalrus
Jio13mo

@TepidFanny11 lol

GroovyBoba
GroovyBoba

True

SqueakyJellybean
SqueakyJellybean

6 years back I had to send a chunck of signed docs to Zerodha to open my demat account along with registration fees. Groww and modern day apps on the other hand make it so simple and quick.

SillyDumpling
SillyDumpling

If I'm not wrong Zerodha was the first company to introduce digital KYC. That gave them a huge edge

SqueakyJellybean
SqueakyJellybean

Maybe the did, but they used to charge registration fees to open demat account and yearly renewal fees too. They only stopped doing it after the entry to modern day startups.

SquishyBanana
SquishyBanana
Fisdom13mo

No, not right away. Groww is mostly working with New to market customers who arenโ€™t money makers for brokers. Zerodha otoh has clients who place 15-20 orders a day. Getting people put money in mutual fund sip doesnโ€™t make money for the broker. Which is why theyโ€™re miles apart when it comes to profits.

SquishyQuokka
SquishyQuokka
Gojek13mo

Groww will win if they can price it more aggressively

FloatingRaccoon
FloatingRaccoon

In terms of users, Groww will lead the pack for a while but like someone pointed out, they focus on new traders that doesnโ€™t really make them money. While Zerodha focuses on high frequency traders from where they can earn revenue. Maybe Groww will figure out how to make more revenue over time. Another thing- Angel One is setting aside a huge marketing budget to go behind the new traders segment and wants to overtake Groww as the largest number of demat accounts opened

PerkyDumpling
PerkyDumpling

I think yes groww is far more user friendly than zerodha

PrancingUnicorn
PrancingUnicorn

50:50, this is still a niche industry. We have a long way to go. Anything can happen in future

JazzyBoba
JazzyBoba
Adobe13mo

Zerodha is far cheaper for me for equity delivery.

BouncyMarshmallow
BouncyMarshmallow
Swiggy13mo

I would vote for Fyers over Groww or Zerodha.

GroovyDonut
GroovyDonut
Subex13mo

But if you compare those demat accounts which have over 20k inr worth of shares, the numbers change no ?
While zerodha has a lot more "active" user base - more active traders placing a larger number / value of orders, groww has more new to market customers.

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Indian Startups
by GroovyBobaProduct Manager

Groww taking over Zerodha in terms of monthly active investors

I know Zerodha is still the sustainable one of the two; but definitely good execution this from Groww? Do any of you use Groww? Or is it folks in tier 2/tier 3 and college students?

https://economictimes.indiatimes.com/tech/startup...

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Groww has users only because of its huge marketing spree. Groww is still in losses and everyone knows the PnL of Zero...

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Zerodha was flexing a lot about their less developers working on things, their expenses and their profit. Groww on th...

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I invest in stocks on Zerodha and invest in MFs on Groww. Tons of folks I know do the same. The day Zerodha gets into...

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user

Whoever is curating this, kudos. Job well done!