Groww doubles down on wealth management, lending to diversify revenue base: CEO Lalit Keshre

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Wealthtech startup Groww is stepping up its focus on wealth management and lending as it looks to reduce dependence on its core broking business, cofounder and chief executive Lalit Keshre said. “We get around 6% of our overall revenues from lending right now; roughly annually we are making around Rs 232 crore,” Keshre told ET.

According to disclosures following its December-quarter results for FY26, the contribution of stock and equity derivatives to overall revenue declined to 73% from 81% in the September quarter, indicating a gradual…



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Groww doubles down on wealth management, lending to diversify revenue base: CEO Lalit Keshre



Wealthtech startup Groww is stepping up its focus on wealth management and lending as it looks to reduce dependence on its core broking business, cofounder and chief executive Lalit Keshre said. “We get around 6% of our overall revenues from lending right now; roughly annually we are making around Rs 232 crore,” Keshre told ET.

According to disclosures following its December-quarter results for FY26, the contribution of stock and equity derivatives to overall revenue declined to 73% from 81% in the September quarter, indicating a gradual…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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