Results · Financial Services

Groww adds 27,600 active clients in May

What they do

Groww is an online discount broker for stocks and mutual funds

It added about 27,600 active clients in May, reaching 13.06 million total

Groww's market share rose to 28.64%, while the industry lost 1.71 lakh clients

The broking industry's total active clients fell to 45.59 million in May from 45.77 million in April.
Groww added about 27,600 active clients, taking its total to 13.06 million.
Groww's market share stood at 28.64%.
Zerodha lost about 37,000 clients, ending May with 6.85 million active clients.
Angel One lost about 60,000 clients, ending with 6.68 million.
ICICI Securities added about 8,200 clients, reaching 2.11 million.
Upstox lost over 38,000 clients, ending with 1.92 million.
Dhan added over 10,000 clients, crossing 1.06 million with a monthly growth of 0.95% and market share of 2.33%.

The industry lost 1.71 lakh active clients overall in May.
Groww was one of the few large brokers to add clients, while Zerodha, Angel One, and Upstox all lost clients.
Smaller brokers like Dhan and Sahi also grew, with Sahi closing a $33M Series B led by Accel at a $200M valuation.

Groww is an online discount broking platform that lets users invest in stocks, mutual funds, and other financial products.
It competes with Zerodha, Angel One, Upstox, and others in the Indian retail broking market.
Groww has the largest active client base among all brokers in India.