Groww rolls out US stocks to select users via GIFT City route
The offering allows users to buy and sell US securities directly through the Groww app and also supports fractional investing.
Investment app Groww has announced the availability of US-listed stocks and ETFs for a select group of users, marking its expansion into international investments. This new service, accessible through the Groww app, supports fractional investing and is facilitated through a partnership with Alpaca Securities, a US brokerage infrastructure provider.
The platform, which recently acquired an International Financial Services Centre Authority (IFSCA) license, enables users to trade over 10,000 US stocks and ETFs, including prominent companies like Alphabet, Apple, Nvidia, Tesla, Amazon, and Meta. This move aligns with Groww's strategy to diversify its revenue streams beyond its core broking and mutual fund businesses.
In the past year, Groww has introduced commodities trading, mutual funds, and enhanced its margin trading facility while also scaling its wealth management offerings. The company's parent firm, Billionbrains Garage Ventures, reported a significant increase in net profit and revenue over the first quarter of FY27. International investing may offer another growth avenue as retail investors seek global asset exposure.
Competitors such as Zerodha, Angel One, and Upstox, which also hold GIFT City approvals, have followed suit with their own offerings. Groww boasts a user base of more than 2 crore and assets totaling around ₹4 lakh crore.
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