Zerodha’s Second Act, IndiaMART’s Q1 Snapshot & More
Zerodha applied to the Securities and Exchange Board of India (SEBI) for a Category-I merchant banking licence, aiming to manage IPOs and advise on mergers and acquisitions. This move marks a significant shift for the discount brokerage as it seeks to diversify its revenue streams amid tighter regulations affecting derivatives trading. If approved, Zerodha could leverage its 6.8 million users to establish a competitive edge in investment banking.