2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Groww
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Zerodha
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Paytm
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Upstox
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Detailed explanation-1: -The Competition Commission of India (CCI) on Thursday gave its approval to stock and mutual funds platform Groww’s parent Nextbillion Technology Pvt Ltd’s to acquire Indiabulls Asset Management Company (AMC) and Indiabulls Trustee Company. Nextbillion Technology (Groww Group) is India’s investment tech platform.
Detailed explanation-2: -Indiabulls Housing Finance Ltd operates as a subsidiary of Indiabulls Financial Services Ltd.In 2014 the Company has been awarded as the Fastest Growing Housing Finance Company of the Year 2013-14 by NAREDCO.
Detailed explanation-3: -UTI (Unit Trust of India) is the oldest Mutual Fund House in India and UTI Mastershare Fund is the oldest equity scheme, a large cap fund launched in 1986. JP Medium to Long Duration and Canara Robeco Equity Hybrid Fund are the oldest debt and hybrid schemes launched in 1995 and 1993 respectively.
Detailed explanation-4: -All 4 founders were ex-Flipkart employees who started Groww in 2016. Groww is backed up by lead investors like Tiger Global Management, Y Combinator Continuity Fund, Ribbit Capital, Sequoia Capital India and had its series D round of funding of Rs 6.2B in April 2021 by Tiger Global Management.