Strong brand recall and well-established PAN India presence: Groww's market share in retail cash ADTO and derivatives ADTO stood at 23.7% and 14.4% resp. as on Q1FY26. On mutual funds front, Groww is one of the foremost platforms for mutual funds distribution in India with ~13% market share. The company has grown rapidly with strong brand recall value and is a well-known and preferred broking brand. During FY25, FY24 and FY23, 83.6%, 81.1% and 81.0% customers were acquired organically ensuring low cost of acquisition on platform. It has active users in 98.4% of pin-codes in India. Further ~81% active...