CosmicTaco

MobiKwik Enters Stock Broking Market, Challenges Zerodha

CosmicTaco · 2025-03-27T11:38:49.784931+05:30

- MobiKwik has launched a new subsidiary, Mobikwik Securities Broking Private Limited (MSBPL), to compete with leading stockbroking platforms like Zerodha and Groww. - The initial paid-up share capital for MSBPL is INR 1 Lakh, with plans to invest an additional INR 2 Cr in the future. - With a user base of INR 17.2 Cr, MobiKwik aims to capture a significant portion of India's growing investment tech market, projected to be worth $74 Bn by 2030. - The incorporation of MSBPL was approved by the corporate affairs ministry on March 3. - This move marks MobiKwik's entry into new verticals, expanding its footprint in the fintech sector. Source: [Inc42](https://inc42.com/buzz/mobikwik-enters-stock-broking-segment-to-take-on-zerodha-groww/?_gl=1*1eskdkx*_gcl_au*MTMwODg2MjMuMTczNzY5NjMzMA..*_ga*MTE1MDE4MjYyMi4xNzM3Njk2MzMw*_ga_67F2T4M6Z5*MTc0MzA1NTQxMi4xMy4wLjE3NDMwNTU0MTIuNjAuMC4w)

MobiKwik has launched a new subsidiary, Mobikwik Securities Broking Private Limited (MSBPL), to compete with leading stockbroking platforms like Zerodha and Groww.
The initial paid-up share capital for MSBPL is INR 1 Lakh, with plans to invest an additional INR 2 Cr in the future.
With a user base of INR 17.2 Cr, MobiKwik aims to capture a significant portion of India's growing investment tech market, projected to be worth $74 Bn by 2030.
The incorporation of MSBPL was approved by the corporate affairs ministry on March 3.
This move marks MobiKwik's entry into new verticals, expanding its footprint in the fintech sector.

Source: Inc42