Startup of the Year Groww bets on scale; Qcomm sparks festive credit surge
Happy Thursday! Groww is betting its newer businesses will take a bigger slice of its income. This and more in today’s ETtech Morning Dispatch.
Groww, an Indian startup, is focusing on its newer businesses to increase its share of revenue, according to CEO Lalit Keshre. The company, which won Startup of the Year at ETSA 2026, expects equity derivatives and stock trading to make up 68.4% of its total income in the June quarter, down from 75.7% a year earlier. However, credit's share is likely to remain stable.
Groww is expanding its wealth advisory services, AI-powered mutual fund advisory, bonds and US stock investing, as existing customers become wealthier and require more investment products. The company is not actively looking for acquisitions, but will consider them if synergies are found.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
