Bengaluru- Based wealthtech startup Groww turned profitable IN FY23 

Groww's parent firm, reported a net profit of INR 448.7 Cr in FY23, against a net loss of INR 239 Cr in FY22.

Profit After FY22 Losses?

Groww saw a 3x growth to INR 1,277.8 Cr in FY23 from INR 351 Cr in FY22.

Operating Revenue

INR 1,226.1 Cr came from subscriptions & commission fees, while INR 4.8 Cr came from the tech platform & support charges.

Revenue Breakdown

Wealthtech startup's total expenses rose by just 41% to INR 932.9 Cr.

Groww’s Expenses

As per NSE, Groww had 6.63 Mn active investors at the end of Sept 2023 as against Zerodha’s 6.48 Mn.

Surpassing Zerodha?

Swipe up to see the complete breakdown of Groww’s FY23 financials