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Groww Rolls Out US Stock Investing to Capitalize on AI, Chip Wave
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Moneycontrol•29-09-2026, 09:23
Groww Rolls Out US Stock Investing to Capitalize on AI, Chip Wave
- •Groww has begun a phased rollout of US stock investing on its app, partnering with Alpaca Securities after securing an IFSCA licence through GIFT City.
- •The platform allows investors to buy and sell US-listed companies, including fractional shares, offering access to over 10,000 stocks and ETFs like Google, Apple, Nvidia, and Tesla.
- •Rivals Zerodha, Angel One, and Upstox have also received GIFT City approval for US stocks, with Upstox already live.
- •The move aims to diversify Groww's offerings beyond futures and options trading, which accounted for 52% of its Q1 revenue.
- •Indian investors are increasingly looking to global markets due to AI-driven rallies, lack of domestic opportunities in sectors like semiconductors and EVs, a depreciating rupee, and strong US IPO pipeline.
Key Questions Answered
Groww began rolling out US stock investing on its app last week through a phased rollout, with the feature expected to become available to all users over the course of a month.
Groww has teamed up with Alpaca Securities, a US brokerage infrastructure provider, to offer US stock investing after securing an IFSCA licence through GIFT City.
Groww has been launching multiple products, including US stock investing, to reduce its heavy reliance on futures and options trading, which accounted for 52 percent of its revenue in the June quarter.
