Large brokers like Zerodha and Upstox need to make greater disclosures
- With a pre-tax profit of nearly ₹600 crore in fiscal 2020 and a 2.5 times jump in clients since the outbreak of covid, the firm doesn’t need the funds either
- Yet, while fundraising or an initial public offering (IPO) may not be on its agenda, Zerodha has grown to a very large scale of operations
Amid the frenzy in the private capital market, online investment and trading platform Groww has been valued at more than $1 billion. In the online broking space, Zerodha, the market leader, has a user base that is nearly five times higher and is highly profitable.