Is Zerodha 🇮🇳 beating Robinhood? 🇺🇸
Is Zerodha 🇮🇳 a better business than Robinhood 🇺🇸? While USA's Robinhood generated $1.87 billion in revenue in 2023, Robinhood also posted a significant loss of $541 million. On the other hand, India's Nithin Kamath's and Nikhil Kamath's Zerodha, with $820 million in revenue in FY23, made an impressive profit of $346 million! Zerodha also controls 17.3% of India’s stockbroking market, outpacing Robinhood’s less than 10% share in the U.S. Despite Robinhood’s larger revenue, Zerodha’s profitability and market share, it is facing competition from AngelOne and Groww. Is India's Zerodha the stronger business than USA's Robinhood? Dive into the details and see how these two giants stack up!