Robinhood’s IPO plans have brought the focus on Indian broking startups. But there exist several stark differences between the US and Indian stock markets, and even between Robinhood and India’s largest broking startup Zerodha. What will it take for Indian startups to replicate Robinhood’s success?
July 08, 2021
5 Min Read
Stock broking startup Robinhood is set to go public at an expected valuation of $40 billion. Started in 2013 by two Stanford graduates, it stands among the top three broking platforms in the US with more than 18 million funded accounts, a feat achieved in just six years.
More than half of the customers who opened accounts with Robinhood between 2015 and 2021 were first-time traders, according to the company’s draft prospectus filed with the Securities and Exchange Commission on July 1.
That’s a template several Indian broking startups such as Zerodha, Upstox, Paytm Money and Groww too follow.
We report on the latest and most important developments in India’s biggest tech companies and disruptive startups so you can make better decisions.
Know the key decision-makers with Org Charts. We thrive on decoding boardroom conversations so we can bring you a 360° view of what's happening at India's high-growth companies.
Tracking the highs and lows of India’s biggest internet companies over the past decade has given us access to the right decision-makers to interpret the latest state of play.
We thrive on inside scoops and decoding boardroom conversations so we can bring you a 360° view of what’s happening at India’s high-growth companies.