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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The newly minted unicorn has set a high bar for returns. As it battles a market slowdown and diversification challenges, a test awaits
The stockbroking space is having a moment. Discount broker Groww just wrapped up its blockbuster IPO, which was oversubscribed 18 times. But it’s another player that has quietly stolen the spotlight.
Mumbai-based Raise Fintech Ventures, the parent company of the trading platform Dhan, has recently become India’s 116th unicorn (a privately held startup that is valued at $1 billion or more) after raising $120 million (about Rs 1,065 crore). While Groww and its larger rival Zerodha usually dominate headlines, the numbers behind Raise’s latest round tell a story that’s hard to ignore.
Led by Hornbill Capital, with participation from Japan’s …
While rivals lost users, India’s largest broker leaned on lending and derivatives to deliver strong growth.
The AI startup’s $100 million ARR claim does not quite add up even as Dream11—forced out of real-money gaming—prepares to take its massive user base into stockbroking.
JioBlackRock’s entry into the stockbroking business means the pioneer versus late mover storyline will play out all over again. This time around, though, the challenge will most likely change Zerodha even if the earlier ones did not.
