Product Manager

Groww Creditserv, Groww's NBFC, expanded its loan book to Rs 965 crore ($115 million) by June 2024, up from Rs 731 crore ($87 million) in March 2024.  Personal loans make up 98% of the loan book, w...

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- Groww Creditserv, Groww's NBFC, expanded its loan book to Rs 965 crore ($115 million) by June 2024, up from Rs 731 crore ($87 million) in March 2024.
- Personal loans make up 98% of the loan book, with the remaining 2% being consumer loans.
- Groww's lending portfolio also includes partnerships with Aditya Birla Finance, IDFC First Bank, and Credit Saison.
- The company dispenses around Rs 250 crore in personal and consumer durable loans monthly, peaking at Rs 350 crore before a strategic shift.
- Changes in leadership and a focus on co-lending have marked Groww's recent strategy, with significant equity funding and a growing retail stock investor base driving overall growth. 

 Source: [The Arc](https://thearcweb.com/article/groww-nbfc-expands-loan-book-to-115-mn-nKCctdAHTD2rVZP6)

Groww NBFC's Loan Book Soars to $115 Million Amid Strategic Shifts

Journalist

Groww NBFC's Loan Book Soars to $115 Million Amid Strategic Shifts- Grapevine

The Morning Vine 🍇

Welcome to Indian Startups's Private Community

Any idea about the work culture and current status of Groww ?

Groww status review

Growth Manager

- Bengaluru-based discount broker Groww has doubled its active investor base over the past year, reaching nearly 11 million users in June, according to NSE data.
- Despite potential restrictions on futures and options trading, the number of new demat accounts continues to grow rapidly, with 160 million accounts in June and a net addition of 4.2 million.
- Top discount brokers like Groww, Angel One, and Zerodha have added significant numbers of new active investors, with Groww alone adding over 550,000 users in June.
- Traditional full-service brokers, mostly backed by banks, see minimal growth, but SBICAP Securities has grown its active investors by 64 percent, reaching 920,000 in June.
- Regulatory actions could impact discount brokers' revenue by 30-40 percent, with new SEBI directives and potential changes to F&O trading rules posing significant challenges.

Source: Moneycontrol

Groww’s Active Investor Base Doubles In One Year, Touches Almost 11 Mn

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/startups/groww-likely-to-pip-zerodha-in-active-investor-count-this-month/articleshow/103912890.cms?from=mdr

Groww taking over Zerodha in terms of monthly active investors

Groww has users only because of its huge marketing spree. Groww is still in losses and everyone knows the PnL of Zerodha. Zerodha still miles ahead of Groww atleast for the next few years.  
  
 Trust on Zerodha is second to none when compared to other brokers out there. And that too especially among the big traders who contribute a large chunk of their total revenue.

Software Engineer

Welcome to Personal Finance's Private Community

After the recent incident of groww screwing up customers investment, am now scared of their platform. Should i stick on or move to something else? if yes which one? #trading #demat

Groww or not

Systems Architect

Anyone know about the work life balance in Groww Bangalore office?

I’m currently attending interviews. I’m a little worried because Groww is the only Softbank Vision fund invested companies that hasn’t conducted layoffs so far in India. I’m concerned if they might layoff employees soon.

Can anyone provide any details please?

How’s Groww India?

Analyst

Need your suggestions advices in which app is better for long term sips. My concern is the app should be easy to understand has less hidden charges and can be looked after for 10 years atleast.

Best App for Long Term SIPs

Software Developer

Apps / Websites that you use for trading stocks , mutual funds, us stocks , fds, bonds and more.

Share your investing tech stack

Senior Product Manager

Welcome to Software Engineers's Private Community

As a Software Developer (5 YOE) which one you choose Groww or Cashfree and Why? 
Thanks in advance for your valuable comments.

Groww vs Cashfree

Welcome to Business Roles's Private Community

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

Do you think Groww will win broker race surpassing Zerodha?

How's the wlb and things overall at Groww?

Groww NBFC's Loan Book Soars to $115 Million Amid Strategic Shifts

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