Valution of competition:
Groww: $7 bn.
Zerodha: $10.5 bn.
AngelOne: $2.5 bn.
Upstox: $2.7 bn.
ICICI Securities: $3 bn. (Estd)
Dhan: $1.2 bn.
Not at all low considering Dhan is relatively new.
Yes and still many things to learn in terms of user interfaces.
Becoming a Unicorn is no Joke. Congrats to the Raise team
But the pic somewhat creates confusion in the vision. What is your opinion?
Bro this data is so wrong. Groww in unlisted market is 9-10 billion dollars. Zerodha no one can actually guess its way more. Angelone is 2.3 billion dollars.
Real value is in the customer heart. Paper valuations will remain till value is delivered to the customer.
This is not my data. This is from Tracxn.
Zerodha valued itself at $3bn, being such an amazing business, if you didnāt know that.
Groww has filed a SEBI paper for $9bn, it will only be $9bn when its IPO is successful.
Probably now we should start seeing the correlation between problems, problems fixed, customer satisfaction and the valuation. Most of the time, alot of parameters are inversely proportional.