Zerodha’s Nithin Kamath Playfully Roasts Groww on IPO Day
In a rare mix of camaraderie and cheeky banter, Zerodha co-founder Nithin Kamath stole the spotlight on Groww’s IPO day with a viral tweet. His witty post, crediting Zerodha for helping Groww “grow,” highlighted the playful rivalry and mutual respect between India’s top fintech platforms.
Groww’s IPO Milestone & Kamath’s Viral Tweet
Groww, the Bengaluru-based investment app, officially filed for its much-anticipated IPO, marking a key moment in India’s fintech boom. The platform, which began with mutual funds before expanding into stocks and derivatives, now boasts over 6 million active users.
Amid the celebrations, Zerodha’s Nithin Kamath tweeted:
“Congrats @GrowwApp on the IPO. Pretty sure a large part of the early growth came from Zerodha customers who went to Groww to invest in mutual funds & then stayed on. Glad we could help you grow :).”
The tweet quickly went viral, with users praising Kamath’s humor and sportsmanship.
Fintech’s Competitive Yet Collaborative Spirit
Kamath’s joke underscores a unique trend in India’s fintech space—competitors often fuel each other’s growth. Zerodha (2010) pioneered discount broking, while Groww (2017) initially focused on mutual funds before expanding. Many investors use both platforms, highlighting their complementary roles.
Social Media Reactions: Memes & Praise
Groww responded gracefully:
“Haha, thank you @Nithin0dha! The ecosystem grows when we all grow together.”
Users joined in:
– “Zerodha: ‘You’re welcome.’”
– “Pepsi congratulating Coca-Cola vibes.”
Industry leaders like Navin Surya (Fintech Convergence Council) applauded the healthy competition.
What’s Next for Groww & Zerodha?
- Groww: Plans to use IPO funds for expansion, tech upgrades, and acquisitions.
- Zerodha: Stays private, focusing on profitability and innovation.
The Bigger Picture: India’s Fintech Boom
The friendly rivalry reflects fintech’s rapid growth in India, driven by rising retail investment and digital adoption. As platforms like Groww and Zerodha evolve, investors reap the benefits of more choices and better tools.
What do you think of this fintech banter? Share your thoughts!
— Team NextMinuteNews
